The Efficiency Paradox

A bold challenge to our obsession with efficiency—and a new understanding of how to benefit from the powerful potential of serendipity. Algorithms, multitasking, the sharing economy, life hacks: our culture can't get enough of efficiency. One of the great promises of the Internet and big data revolutions is the idea that we can improve the processes and routines of our work and personal lives to get more done in less time than we ever have before. There is no doubt that we're performing at higher levels and moving at unprecedented speed, but what if we're headed in the wrong direction? Melding the long-term history of technology with the latest headlines and findings of computer science and social science, The Efficiency Paradox questions our ingrained assumptions about efficiency, persuasively showing how relying on the algorithms of digital platforms can in fact lead to wasted efforts, missed opportunities, and, above all, an inability to break out of established patterns. Edward Tenner offers a smarter way of thinking about efficiency, revealing what we and our institutions, when equipped with an astute combination of artificial intelligence and trained intuition, can learn from the random and unexpected.

* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover how to better define the contours of what Lean is. You will also discover that : a Lean operational strategy must focus on the efficiency of flows; each company context calls for its own specific operational strategy; the transformation of the company towards Lean takes place at several levels; the implementation of Lean is never completely completed. Let's start with the examples of Monique and Pascale. These two women have in common the desire to discover the cause of a lump in their breasts. Monique will follow a classic medical path, alternating doctor's appointments and screening tests in a specialized laboratory. Her journey will last seventeen days. Pascale goes to a facility that promises her a diagnosis in one day, bringing all the steps of the process together in one place. These two examples illustrate two types of organizations, depending on whether they focus on using their resources or whether they focus on customer satisfaction. *Buy now the summary of this book for the modest price of a cup of coffee!

This book is relevant to any kind of business and is currently being used by a number of multi-national companies, including AstraZeneca, Ericsson, Scania and Volvo.

'The Jevons Paradox', which was first expressed in 1865 by William Stanley Jevons in relation to use of coal, states that an increase in efficiency in using a resource leads to increased use of that resource rather than to a reduction. This has subsequently been proved to apply not just to fossil fuels, but other resource use scenarios. For example, doubling the efficiency of food production per hectare over the last 50 years (due to the Green Revolution) did not solve the problem of hunger. The increase in efficiency increased production and worsened hunger because of the resulting increase in population. The implications of this in today's world are substantial. Many scientists and policymakers argue that future technological innovations will reduce consumption of resources; the Jevons Paradox explains why this may be a false hope. This is the first book to provide a historical overview of the Jevons Paradox, provide evidence for its existence and apply it to complex systems. Written and edited by world experts in the fields of economics, ecological economics, technology and the environment, it explains the myth of efficiency and explores its implications for resource usage (particularly oil). It is a must-read for policymakers, natural resource managers, academics and students concerned with the effects of efficiency on resource use.

How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. It is a collection of 15 essays, almost all expressing a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare. For the past 40 years or so, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis. Its advocates, often referred to as "The Chicago School," argue that the free market (better than any unelected band of regulators) can do a better job of achieving efficiency and encouraging innovation than intrusive regulation. The cutting edge of Chicago School doctrine originated in academia and was popularized in books by brilliant and innovative law professors like Robert Bork and Richard Posner. Oddly, a response to that kind of conservative doctrine may be put together through collections of scores of articles but until now cannot be found in any one book. This collection of essays is designed in part to remedy that situation. The chapters in this book were written by academics, former law enforcers, private sector defense lawyers, Republicans and Democrats, representatives of the left, right and center. Virtually all agree that antitrust enforcement today is better as a result of conservative analysis, but virtually all also agree that there have been examples of extreme interpretations and misinterpretations of conservative economic theory that have led American antitrust in the wrong direction. The problem is not with conservative economic analysis but with those portions of that analysis that have "overshot the mark" producing an enforcement approach that is exceptionally generous to the private sector. If the scores of practices that traditionally have been regarded as anticompetitive are ignored, or not subjected to vigorous enforcement, prices will be higher, quality of products lower, and innovation diminished. In the end consumers will pay.

�The Jevons Paradox�, which was first expressed in 1865 by William Stanley Jevons in relation to use of coal, states that an increase in efficiency in using a resource leads to increased use of that resource rather than to a reduction. This has subsequently been proved to apply not just to fossil fuels, but other resource use scenarios. For example, doubling the efficiency of food production per hectare over the last 50 years (due to the Green Revolution) did not solve the problem of hunger. The increase in efficiency increased production and worsened hunger because of the resulting increase in population. The implications of this in today�s world are substantial. Many scientists and policymakers argue that future technological innovations will reduce consumption of resources; the Jevons Paradox explains why this may be a false hope.This is the first book to provide a historical overview of the Jevons Paradox, provide evidence for its existence and apply it to complex systems. Written and edited by world experts in the fields of economics, ecological economics, technology and the environment, it explains the myth of efficiency and explores its implications for resource usage (particularly oil). It is a must-read for policymakers, natural resource managers, academics and students concerned with the effects of efficiency on resource use.

One of the key tenets of the environmental movement is the need for greater efficiency in our use of dwindling natural resources, especially coal, natural gas, and oil. If our products are designed to be more energy efficient, so the thinking goes, our environmental impacts will be reduced and our fossil fuels will last longer. In this surprising new look at sustainability and conservation, environmentalist Steve Hallett argues that this thinking is fundamentally flawed. In fact, based on the example of coal use throughout the Industrial Revolution, more efficiency leads to more consumption, faster depletion of resources, and ultimately more stress on the planet. This is the efficiency trap. How do we avoid this trap? Hallett suggests that we focus on protecting natural resources, ecosystems, and social systems by making them more resilient. Knowing that we have reached limits to growth, we should work to decentralize energy-delivery services to give homes and communities some measure of independence. We can also build more sustainable food systems by diversifying the food-production landscape to address the vulnerabilities of the current supply chain. Efficiency does have its place in specific areas such as recycling and home insulation, but it will not work as a long-term approach to our energy dilemma. Yet recognizing the inevitable limits to our growth and the shortcomings of our current approach to addressing our dwindling resources is a necessary first step toward the establishment of sound environmental policy. This realistic appraisal of current environmental thinking will challenge environmentalists and industrialists alike.

Over the past seven years, the DIG and DIGNAR models have complemented the IMF and World Bank debt sustainability framework (DSF) analysis, over 65 country applications. They have provided useful insights in the context of program and surveillance work, based on qualitative and quantitative analysis of the macroeconomic effects of public investment scaling-ups. This paper takes stock of the model applications and extensions, and extract five common policy lessons from the universe of country cases. First, improving public investment efficiency and/or raising the rate of return of public projects raises growth and lowers the risks associated with debt sustainability. Second, prudent and gradual investment scaling-ups are preferable to aggressive front-loaded ones, in terms of private sector crowding-out effects, absorptive capacity constraints, and debt sustainability risks. Third, domestic revenue mobilization helps create fiscal space for investment scaling-ups, by effectively containing public debt surges and their later-on repayments. Fourth, aid smoothens fiscal adjustments associated with public investment increases and may lower the risks of unsustainable debt. Fifth, external savings mitigate Dutch disease macroeconomic effects and serve as fiscal buffers. The paper also discusses how these models were used to estimate the quantitative macro economic effects associated with these lessons.

Computing Our Way to Paradise? challenges key assumptions concerning the role of Internet and communication technologies in globalization processes. The author argues that while globalization is predicated upon a strong, extensive, and interconnected network of products, processes, and services, the real environmental and health benefits remain far from certain.

Uberization promises to transform society based on an intuitive proposition: Advanced peer-to-peer matching guarantees greater overall efficiency. Here we show a paradox challenging this proposition in uberized ride-hail service, known as e-hail. By analyzing hundreds of local markets in Shenzhen, China, we discover e-hail is outperformed--in terms of wait time and trip production--by taxis hailed off street in areas with high densities of passengers and drivers. This paradox arises because a quicker match does not always expedite and enhance a service. On the contrary, it can induce competition that undermines the network effect, making a passenger less likely to benefit from more drivers, and vice versa, in e-hail than in taxi service. Consequently, simply attracting more users may not improve e-hail's efficiency (defined as trip production at a given density of passengers and drivers), because its competitive edge diminishes with scale. The finding implies uberization has a limited impact on efficiency and is unlikely to create a “winner-take-all” in transportation.

The Americas and Oceania: Assessing Sustainability provides extensive coverage of sustainability practices in two regions linked culturally and historically by their relative isolation before the Columbian exchange, by their colonization after it, and by the challenges of pollution, resource overuse, and environmental degradation. Regional experts and international scholars focus on environmental history in areas such as the South Pacific islands, now particularly threatened by rising ocean levels due to climate change, and on countries whose governments and corporations can play a major role in promoting or discouraging sustainable choices: Brazil, an emergent power on the world stage; the United States, the world's third most populous nation; and New Zealand, seemingly on its way to becoming an enviable model of sustainable development.

The realm of sustainable development focuses on the ability to meet the demands of the present, while not compromising the demands of the future. The knowledge of balancing sustainable development goals with high performance is essential. Even more essential is sharing the practices and accomplishments within sustainable development so that it may be spread throughout many organizations and societal functions. The Handbook of Research on Novel Practices and Current Successes in Achieving the Sustainable Development Goals provides valuable insights, challenges, and practices to highlight the key determinants in achieving the Sustainable Development Goals. This book presents a complex and thorough theoretical infrastructure concerning the Sustainable Development Goals, challenges and practices, as well as an important set of empirical results that will make a tremendous contribution to the analysis of the key determinants specific to the Sustainable Development Goals. Covering topics such as alternative consumption models, non-profit organizations, and sustainable communities, this is an essential text for academicians, scientists, researchers, students, PhD scholars, post-doctoral students, specialists, practitioners, governmental institutions, and policymakers worldwide.

Competition law has expanded to more than 100 jurisdictions worldwide with varying degrees of economic, social, and institutional development, raising important questions as to what is the appropriate design of competition law regimes and the interaction between competition law and economic development. This volume, comprising a selection of papers from the 4th BRICS International Competition Conference written by academic and practising economists and lawyers from both developed and developing countries, is distinctive in its focus on a broader view of competition policy in BRICS and developing countries. It examines the role competition, the application of broader public interest and national interest concerns in the analysis and influence on developing country competition authorities' policy-making. The contributors address topics such as: - a broad view of competition policy; - making markets work for the people as a post millennium development goal; - some key issues concerning the further development of China's antimonopoly law; - remedies in BRICS countries; - public interest issues in cross-border mergers; - crafting creative remedies in food markets in South Africa; - what are African competition authorities doing to fight cartels?; - successes and challenges in the fight against cartels; and the economics of antitrust sanctioning.

Changes to energy behaviour — the role of people and organisations in energy production, use and efficiency — are critical to supporting a societal transition towards a low carbon and more sustainable future. However, which changes need to be made, by whom, and with what technologies are still very much under discussion. This book, developed by a diverse range of experts, presents an international and multi-faceted approach to the sociotechnical challenge of engaging people in energy systems and vice versa. By providing a multidisciplinary view of this field, it encourages critical thinking about core theories, quantitative and qualitative methodologies, and policy challenges. It concludes by addressing new areas where additional evidence is required for interventions and policy-making. It is designed to appeal to new entrants in the energy-efficiency and behaviour field, particularly those taking a quantitative approach to the topic. Concurrently, it recognizes ecological economist Herman Daly’s insight: what really counts is often not countable. Introduces the major disciplinary and interdisciplinary approaches to understanding energy and behaviour Delivers a cross-sectoral overview including energy behaviour in buildings, industry, transportation, smart grids, and smart cities Reviews a selection of innovative energy behaviour modelling approaches, including agent-based modelling, optimization, and decision support Critically addresses the importance of interventions, policies, and regulatory design

This volume aims to provide new ways of thinking about population trends in the 21st century. While the 20th century was the century of population growth, with the world's population increasing from 1.6 to 6.1 billion, this book shows that the 21st centur