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Main Title: Efficiency and utility
Subtitle: an evolutionary perspective
Author(s): Mann, Stefan
Wüstemann, Henry
Type: Article
Language Code: en
Abstract: Purpose: The purpose of this paper is to develop the argument that the link between efficiency and utility was strongest in the twentieth century. This would not only explain the growing focus on efficiency in the past, but also suggest that the importance of efficiency in society is set to decrease from now on. Design/methodology/approach: The two arguments in support of the claim were: first, the growing importance of the service sector where an exaggerated focus on efficiency may decrease utility and second, the utility that is generated by different working environments and identities where heterogeneity is increasing. Findings: Good reasons are found why the strong correlation between utility and efficiency that could be found in the process of industrialization is loosening. Research limitations/implications: The findings imply that the role of economic science is probably rather decreasing. Social implications: Social indicators for utility will probably gain importance. Originality/value: This paper puts the importance of efficiency into a historical context.
Issue Date: 2010
Date Available: 26-Oct-2017
DDC Class: 300 Sozialwissenschaften
330 Wirtschaft
301 Soziologie, Anthropologie
Subject(s): service industries
economic history
working practices
input/output analysis
Journal Title: International Journal of Social Economics
Publisher: Emerald
Publisher Place: Bingley
Volume: 37
Issue: 9
Publisher DOI: 10.1108/03068291011062470
Page Start: 676
Page End: 685
ISSN: 0306-8293
Notes: Dieser Beitrag ist mit Zustimmung des Rechteinhabers aufgrund einer (DFG geförderten) Allianz- bzw. Nationallizenz frei zugänglich.
This publication is with permission of the rights owner freely accessible due to an Alliance licence and a national licence (funded by the DFG, German Research Foundation) respectively.
Appears in Collections:FG Landschaftsökonomie » Publications

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