This episode explores the intricacies of measuring government efficiency through the ideals embedded in the U.S. Constitution's preamble. We discuss the implications of redefining traditional metrics of efficiency, emphasizing the importance of social connections and comprehensive welfare in evaluating public services.

• Examining efficiency as defined by the preamble's objectives
• Importance of metrics that reflect social values
• The value added by social experiences in government services
• Discussing Social Security's implications on various generations
• Financial implications of efficiency versus welfare
• Role of AI in redefining governance metrics
• Call for a holistic approach to measuring government success

Speaker Bio
Dr. David Axelrod received his Ph.D. in Economics from Rutgers University in 1990, with the dissertation Three Essays on Latency in Economics and Decision Making. He has taught at Montclair State University. Previously, he worked in finance for twenty years as an economist, consultant and actuarial analyst, including positions with Falcon Management, Volvo Finance, and Crum & Forster. He has also produced research in health economics, and on the nature of choice and well-being. Dr. Axelrod provides holonomic consultation and workshops. He plays electric bass, and has released over a dozen albums of original music