"Just in terms of allocation of time resources, religion is not very efficient, " he explains.

CNN: In Search Of The Real Bill Gates

The neighbourhood comprehensive school was not just the guarantor of a fair allocation of educational resources and opportunities, but the bedrock of a more egalitarian society.

ECONOMIST: Bagehot

Just as conventional inflation can distort the allocation of resources, so asset-price inflation distorts economic behaviour by causing households to save too little and to pour too much money into property.

ECONOMIST: Yesterday's financial architecture needs refurbishing