Efficiency trumps just about everything in our economy.[snip]
I think this hypothesis needs to be "hedged" in important ways. I would phrase it something like: eficiency in direct costs trump[l'oeil???]s just about everything else regarding the direct object of production. Example: make the car as cheaply as possible.
However, generally lots of money is spent on sales costs, golden parachutes, etc.
In my first programming job (1972), for an insurance company which has since been twice gobbled up, I formulated the hypothesis:
The reason this company is not driven out of business
by price competition is that all its competitors
do the same stupid things, so they all
are racing as hard as they can with similar handicaps.\brad mccormick
--
Let your light so shine before men,
that they may see your good works.... (Matt 5:16)Prove all things; hold fast that which is good. (1 Thes 5:21)
<![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED] ----------------------------------------------------------------- Visit my website ==> http://www.users.cloud9.net/~bradmcc/ _______________________________________________ Futurework mailing list [EMAIL PROTECTED] http://scribe.uwaterloo.ca/mailman/listinfo/futurework
