Notes on the Use of Effective Methods for Application of Economics of Moderation

One of the side eects of the American 1979 recession-triggered replacement of Keynesian Economics by Monetarism of the Milton Friedman Chicago School of Economics was the replacement of managing engineers by administrators in technology organizations, construction and projects.In that role reversal, costs invariably started to go up with growing administration preoccupied with numbers and dates, and with form often prevailing over content that seemed to be sometimes “lost in translation”. The era sometimes called “Economics of Excess” had begun.Organizations faced with escalating costs have kept searching for improvement solutions making use of elaborate analytical top-down methods, with very mixed results. A simple bottom up approach and methods developed and applied by the author on industrial and educational projects are summarized. Tey have been very successful on their own as well as in supporting organizational improvement eorts. They are directly applicable to the concept of Economics of Moderation.