In this chapter by Janice Stein warns about the dangers of adopting a narrow conception of productivity and efficiency. Building on her analysis in The Cult of Efficiency, she argues that the language of efficiency, understood narrowly as cost-effectiveness, confronts distinctive problems when...

In this chapter, Richard Harris points out that a traditional view has been that there is an inherent conflict between economic efficiency and social equality, a view neatly summarized in the title of Okun's famous book, Equality and Efficiency: The Big Trade-off (1975). This view gained renewed...