When
· Teens
· · 2012
· · · June
· · · · 16 (1 entry)

On Efficiency · Every­one knows it’s a good thing. Economists talk about “productivity” and, more se­ri­ous­ly, to­tal fac­tor pro­duc­tiv­i­ty. When there’s more, wealth gen­er­al­ly in­creas­es, which is good. Ex­cept when it’s bad ...
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