Misallocate

After a two-year investigation by the city’s Department of Investigation, the two men admitted their roles in stealing or misallocating nearly $1.2 million, including an $875,000 payment to a radio network, Air America, that had been concealed from the charity’s board of directors.

It misdesigned goods, adversely selected technologies, misallocated and misremunerated factors of production, encouraged work to rule, underproduced, misdistributed outputs and was subject to a myriad of moral hazards.

Despite Japan's well deserved reputation for high quality export products, its economic system misallocates factors, under-produces, overworks, misdistributes and mistransfers goods and services.