Fiscally Efficient and Effective

I see a tension between efficiency and effectiveness directly related to economic control. Centrally controlled resources are (potentially) efficiently distributed through economies of scale and coordination of planning. Locally controlled resources are (potentially) effectively distributed through relevant targeting and proximity. In the United States, our public and private systems tend to combine both centralized and decentralized economic control; however, I am not sure it is done in a way that maximizes both efficiency and effectiveness. Driven by both selective political agendas and individualism, our system of resource allocation simultaneously leads to waste and accumulation as well as human and environmental degradation. How can we better provoke and manage the flow of resources so that there is efficiency, effectiveness, and justice?

#economics #environment #justice

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