This is something that various environmentalists seem not to understand: the imminence of economic efficiency reduces, not increases, the argument for continued subsidy.
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The state of economic opportunity accommodates the efficiency and effectiveness of markets, generating opportunities for the productive forces of society.
In market theory the "selfishness" of the economic agent - in this case the GP practice - drives the efficiency of the system by forcing other economic agents to compete to provide the most efficient service.
We know that our complicated tax code with its jigsaw of special preferences reduces economic efficiency.
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The Index evaluates countries in four broad areas of economic freedom: rule of law, regulatory efficiency, limited government and open markets.
There are several other prospective employment policies that would increase the economic efficiency of colleges, but have yet to be widely implemented.
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The report's main author, Richard Jolly, says: "The world is rushing headlong into greater integration, driven mostly by a philosophy of market profitability and economic efficiency".
In a very uncomfortable way, Sandy points out the dangers of our devotion to economic efficiency: when you engineer your economy to cut out waste, you design with lowest costs in mind, and redundancy is eliminated.
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In a 1985 report the church attacked Margaret Thatcher for putting economic efficiency ahead of welfare.
But this research also shows that other factors, such as government economic policies, local enterprise, the efficiency of public administration and the amount of foreign direct investment are just as important in raising economic performance.
However, it is the implicit costs of regulation that are more likely to generate overall negative outcomes and impair economic efficiency and growth, not to mention the inevitable unintended consequences of such regulation.
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Yet, although pleasing to corporate lawyers, the Supreme Court's guideline may restrict the ability of punitive-damages courts to promote economic efficiency.
Yet it is a tangled mess, increasingly reliant on regressive taxes, such as the payroll tax, and full of subsidies that benefit rich people while reducing economic efficiency.
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My firm's research suggests that business and consumer confidence there is high, that there is not too much leverage in China's marketplace (leverage, not high prices, is what causes dangerous real estate and stock bubbles) and that the government is investing smartly in infrastructure projects like rail lines, subways and clean technology initiatives that improve economic efficiency and lower the costs of doing business.
He raises doubts about the efficiency of human power and questioned its economic viability.
Do you need further evidence that, in the words of Stigliz, "the pursuit of self-interest does not necessarily lead to overall economic efficiency"?
At least in its later stages, Thatcherite privatisation was concerned with the restructuring of government-owned industries to introduce price mechanisms, competition and transparent regulation, to offer a share of ownership to the public, and to promote general economic efficiency.
The index evaluates economic freedom by looking at the rule of law, regulatory efficiency, the size of government and open markets.
This is not because it is a shining example of efficiency and democratic accountability, but because its overall economic and fiscal outlook is, at the moment, surprisingly robust.
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All of the technology required to produce alternative forms of energy will need further research and development to ensure greater efficiency and economic viability.
Too often of late, that liberalism has been expressed as a mere plea for economic efficiency, a technical claim that, justified or not, appears to ignore all that is human.
That colossal endeavour, requiring the movement or rebuilding of railways, power plants and other infrastructure, was for security rather than economic efficiency.
More recently the State Senate struck down legislation that would have improved energy efficiency rules by requiring the use of recent data and considering the economic impacts of rules.
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For me, what is noteworthy about this story is that these governmental entities have the feel of public-private partnerships, effectively mixing the strategic planning of entrepreneurial government agencies with aggressive economic development and a healthy orientation toward profit and efficiency.
Can we spur economic growth in this country while at the same time improving the efficiency of our energy infrastructure?
They also provide significant economy-wide benefits Indeed, the economic benefits created by investments in energy efficiency almost always exceed the costs of implementing efficiency programs.
Sound money is good policy, and economic efficiency (including lower taxes and free trade) will do most of the heavy lifting in a free, capitalist system.
And thanks to a clutch of cleantech start-up companies like Gotham 360 and well-established mega-companies like Kimberly Clark bringing the benefits of CHP to large hospitals, the still better news is that the economic and energy efficiency results for those hospitals that have taken the plunge on CHP have been tremendous virtually across the board.
As work sponsored by the California Energy Commission's Public Interest Energy Research Program has shown quite well, boosting energy efficiency in high-tech industries offers huge economic side benefits in terms of increased reliability and productivity.
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