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Two top education aides complained that under Ms. Black, the lack of a clear agenda from on high had begun to create inefficiencies in the department.
Furthermore, even if corruption can be a useful means of bypassing inefficiencies in the short term, in the long term it tends to create inefficiencies of its own.
Peter Siavelis, the director of the Latin American and Latino Studies Program at Wake Forest University, told me by phone from Santiago last week that moving Chile's Parliament had done little to decentralize power and a lot to create inefficiencies, like time wasted and increased traveling costs for legislators shuttling between Santiago and Valparaiso.
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Do you really want to donate to a charity with antiquated computer systems that create inefficiencies, low-quality staff due to below-market salaries, and financial weakness from a lack of fundraising?
But a recent paper argues that they do indeed create inefficiencies and suggests a more fundamental reform to how markets operate in order to stave them off.* Flash Boys" took HFT firms to task for a strategy called front-running.
Some pointed to a lack of transparency, corruption, poor management, and bureaucracy that create inefficiencies within the industry.
Moreover, undifferentiated rules would create inefficiencies.
Dimon echoes the standard business sentiment that boundaries that create inefficiencies raise costs for the enterprise and, therefore, for customers.
Mr. Genachowski will propose phasing out the payments between phone companies, which he says create "inefficiencies and perverse incentives" that result in waste in the fund.
Not only does this monopoly create inefficiencies, it actually reinforces them.
This will be a delicate exercise — decentralization can create inefficiencies, but I believe we can find the right balance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com