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Les risques liés aux Bidenomics alternatives-economiques.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alternatives-economiques.fr Daily Mail and Mail on Sunday newspapers.
The gaps in Bidenomics: How two radical suggestions mig... dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
L'efficacité contre la durabilité ? alternatives-economiques.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alternatives-economiques.fr Daily Mail and Mail on Sunday newspapers.
End of efficiency in economics Posted : 2020-12-23 16:15 By Robert Skidelsky LONDON ― Economics is the study of economizing, or using the least amount of time and effort to produce the greatest amount of satisfaction. The more we can economize on the use of scarce resources, the more efficient we are said to be in getting what we want. Efficiency is a prized goal because it literally cheapens the cost of living. Cheapness in obtaining the goods and services we want is thus the key to a better life. Efficiency lies at the heart of trade theory. In the early 19th century, the economist David Ricardo argued that each country should concentrate on making what it could produce at the lowest relative cost. ....