Obesity
I have almost finished reading the brilliant book Beyond Growth by the economist Herman Daly. It is worth quoting at length:
more ...We have three economic problems to consider: allocation, distribution and scale.
Allocation refers to the apportioning of resources among alternative product uses—food, bicycles, cars, medical care. An allocation is efficient if it corresponds to effective demand, that is, the relative preferences of the citizens as weighted by their relative incomes, both taken as given. An inefficient allocation will use resources to produce a number of things that people will not buy, and will fail to produce other things …