« Preconditions of the Big Society | Main | Happiness inequality & divorce »

February 13, 2011

Comments

Duncan

As you imagine, I put more weight on the chance of:

"The other possibility is that a rise in aggregate investment might prove sustainable, because if all capitalists are investing, then the high demand turns otherwise unprofitable investments into profitable ones - and so we can shift to a stable, high-growth, equilibrium."

I agree what is needed are policies to unlock investment - I think a target though (by which the govt would increase public investment in the absence of business investment) is another way of getting there.

snagglepuss

slightly suprised that a socialist would ever say anything like this:

But the question of whether to undertake this should be decided by cost-benefit analysis, not by a desire to make up the numbers.


surely any state-spnsored exercise in i8nvestment is worthwhile by definition, simply because it is the state not thos nastyprivate investors doing it...we all know your cognitive bias.

The comments to this entry are closed.

blogs I like

Blog powered by Typepad