« A pitfall in behavioural economics | Main | Fiscal rules: ethics, not economics »

July 17, 2008


Bob B

As for class conflict in the public sector, grant credit where it is due:

"Mayor of London Boris Johnson is increasing the Living Wage for London to £7.45 per hour.

"The new pay level is almost 35% higher than the national minimum wage set by Government which currently stands at £5.52 an hour for workers aged 22 years or over, falling to £4.60 for 18 to 21-year-olds and £3.40 for 16 to 17-year-olds.

"The new figure will apply to all Greater London Authority Group staff and also to all new contracts as soon as possible."

Cutting down London Development Agency sponsorship activities will be one way of paying for the wage hike:

"London's economic development agency, the subject of a fraud investigation by police, was mismanaged and failed to deliver value for taxpayers during the administration of former Mayor Ken Livingstone, said a panel appointed by his successor, Boris Johnson.

"The audit panel, chaired by journalist Patience Wheatcroft, in a report issued today blamed failings in the London Development Agency's management and financial controls. The report didn't say how much of the agency's 740 million-pound ($1.5 billion) annual budget was misspent and didn't suggest criminal wrongdoing."

Luis Enrique

"the real divide isn’t between “left” and “right” but between those who believe in spontaneous, undirected order and those who believe in top-down management, be it in government or business"

I'm not sure that this is a much more sensible divide that the old left / right. I can't say I've thought this through much, but my immediate response is to 'believe in' (advocate?) spontaneous order in some contexts, and top-down management in others.


I think this is another case of Chris being provocative for the sake of it. He doesn't really believe the statement in the bald way he states it here, and almost certainly wouldn't make it unqualified in a more formal context (teaching or a newspaper article for instance). I think the left/right access is a dangerous oversimplication but so is managers (with horns, spiky tails and all) versus the rest. And I'm an anti-manigerialist. But it is managerialists not managers that are the enemy. Managers have a role, just like engineers and nurses have.


(P.S. Managers have a role because of the TIME dimension in decision making. Spontaneous order doesn't create infrastructure that is only necessary in the future.)

Bob B

With the subprime mortgage debacle, the prospect of more spontaneous order doesn't look very encouraging to me. But I agree that the distinction between right-wing and left-wing in politics has become altogether obscure and mostly irrelevant apart from historic references.

The comments to this entry are closed.

blogs I like

Blog powered by Typepad