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Read a great book on this in college in formative years. Made me pretty depressed about how management/markets can target false equilibrium points.

Markets do not drive efficiency. At least not if chasing quarterly profits drives bad decisions.

"When the machine stopped: A cautionary tale from industrial America"

https://www.amazon.com/When-machine-stopped-cautionary-indus...

Note: referenced in the OPs original article




This is a great book - I still own my copy and occasionally reread it.




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