He prefers rationing that is based on price because, he says, "prices produce a rational allocation of scarce resources".
Why? From a public-safety standpoint, it's not a rational allocation of resources.
If anything, based on a rational allocation of capital, R&D should now be consuming less resource.
Above all, though, they were written by free men, who did not cringe before the censor, who could call plainly for the abolition of serfdom, say, instead of "the rational allocation of economic forces".
This formalism permits the rational allocation of resources in view of studying the possibility of validating a particular predictive model.
It contributes to the rational allocation of resources and control maintenance costs scientifically.
Rational RTC lead to rational allocation of resources while irrational RTC lead to misallocation of resources and ultimately, poorer safety.
What they all have in common is the rational allocation of jobs or tasks to machines or resources.
The unambiguous gain from sound taxation is higher output across the board, stemming from a more rational allocation of resources across competing uses.
Well-defined land use rights will result in a sound land market, as well as promoting a rational allocation of land resources.
