Functional inefficiency : | the unexpected benefits of wasting time and money / (Record no. 102194)

MARC details
000 -LEADER
fixed length control field 02396cam a2200277 i 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 150205s2015 nyu b 001 0 eng
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781633880405
040 ## - CATALOGING SOURCE
Original cataloging agency SDU
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HD5724
Item number W467 F 2015
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Wenz, Peter S.
245 10 - TITLE STATEMENT
Title Functional inefficiency :
Remainder of title the unexpected benefits of wasting time and money /
Statement of responsibility, etc. Peter S. Wenz.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Amherst, NY :
Name of publisher, distributor, etc. Prometheus Books,
Date of publication, distribution, etc. 2015
300 ## - PHYSICAL DESCRIPTION
Extent 444 p.
505 ## - Formatted Contents Note
Formatted contents note HKBU library
518 ## - DATE/TIME AND PLACE OF AN EVENT NOTE
DATE/TIME AND PLACE OF AN EVENT NOTE YT2025 M09
520 ## - SUMMARY
Summary "How can we reduce unemployment? As this insightful and counterintuitive book shows, the surprising answer is inefficiency. Some of the most labor-intensive sectors of the economy, the author notes, are also the most inefficient. But this inefficiency is functional--rather than impairing the economy, it bolsters employment and fosters economic growth. Technological progress increases efficiency and reduces the need for workers in manufacturing, mining, agriculture, and many services. So how do we keep people working? By maintaining inefficiencies in other areas, such as in our systems of transportation and healthcare. The author documents the waste of time and money in hospital systems, the insurance and pharmaceutical industries, automotive travel, road construction, and road maintenance. These inefficiencies are tolerated because they provide a lot of jobs and promote economic growth, making them functional inefficiencies. Most of these inefficiencies can be reduced without increasing unemployment or impairing economic growth, the author claims, through increased investment in physical and human infrastructure. However, continued inefficiencies inherent in consumerism can't be eradicated without economic decline, making some inefficiency essential as well as functional. Functional Inefficiency offers a wealth of details and a unique analysis of our economic system, plus hope for our future prospects through reduced inefficiency"--
650 #0 - SUBJECT
Topical term Unemployment
Geographic subdivision United States.
650 #0 - SUBJECT
Topical term Technological innovations
General subdivision Economic aspects
Geographic subdivision United States.
650 #0 - SUBJECT
Topical term Economic development
Geographic subdivision United States.
650 #7 - SUBJECT
Topical term BUSINESS & ECONOMICS / Economics / General.
650 #7 - SUBJECT
Topical term PHILOSOPHY / Social.
650 #7 - SUBJECT
Topical term SOCIAL SCIENCE / Sociology / General.
651 #0 - SUBJECT -GEOGRAPHIC NAME
Geographic name United States
General subdivision Economic policy
Chronological subdivision 21st century.
900 ## - Accession Number
Accession Number = C.1 SDU
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type English Books
Source of classification or shelving scheme Library of Congress Classification
100 1# - MAIN ENTRY--PERSONAL NAME
-- 32512
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Home library Current library Shelving location Date acquired Source of acquisition Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Library of Congress Classification   Available for Loans General Books MATRIX Library MATRIX Library General Eng/FL.3 19/09/2025 Donation   HD5724 W467 F 2015 1000377292 19/09/2025 C.1 19/09/2025 English Books
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