This was hardly a rational allocation of talent for an industry which, above all others, was capital-intensive, but had an unrivalled record of good labour relations.
Thus one speaks, for example, of a rational allocation of resources, or of a rational corporate strategy.
It is a systematic and rational allocation of cost rather than the recognition of market value decrement.
Invariably central planning impoverishes society and prevents a rational allocation of resources.
Some would flinch at such language as a description of how medical resources are allocated, but would agree with what is behind it, that rational allocation or planning is an illusion.
It is in these terms that one speaks, for example, of a rational allocation of resources, or of a rational corporate strategy.
Mises projected that without a market economy there would be no functional price system, which he held essential for achieving rational and efficient allocation of capital goods to their most productive uses.
From a public-safety standpoint, it's not a rational allocation of resources.
A system of rational allocation would be in place in the event of supply disruptions in an increasingly political and event-driven commodity.
The line item/input approach prevents proper political choice amongst objectives and the rational allocation of resources.