Sublime

Idealists who are not well grounded in reality create problems, not progress.

Furthermore, as argued by Rainer Kattel, who’s working with Mariana Mazzucato at the IIPP, it takes a certain organizational form to support innovation in the economy[407]. And based on my experiences as a senior civil servant, I highly doubt that the current form of the state allows it to impose what Carlota Perez calls a “direction for innovation

Surface areas of possible out-of-syncness.

He remains the central bankers’ favourite economist. Yet our modern monetary mandarins never stop to consider Bagehot’s warnings about the adverse consequences of easy money – how interest rates set at 2 per cent or less fuel speculative manias, drive savers to make risky investments, encourage bad lending and weaken the financial system. One wonde

need for senior talent would remain high, the group could accommodate a broader array of talents since it would have the ability to empower an individual by supplementing his or her…

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There is nothing wrong with the idea that government should collect statistics to inform itself. But there is a risk that this view slips into a proprietorial sense of ownership, when politicians believe not only that they should be using statistics to run the country, but that those statistics are none of anyone else’s business, and that external