A question about economic efficiency

The following is from Retrotopia, an on-line utopian science-fiction novel currently being serialized by John Michael Greer on his web log.

“Mr. Carr,” Melanie Berger said then, “Since the end of the embargo we’ve been approached four times by the World Bank and the IMF.  I’ve been involved in the discussions that followed.  Each time, their economists have made long speeches about how the way we do things is hopelessly inefficient, and how we’ve got to follow their advice and become more efficient.  Each time, I’ve asked them to answer a simple question: ‘more efficient for what output in terms of what input?’  Not one of them has ever been able, or willing, to give me a straight answer.”

Source: The Archdruid Report

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