Market driven innovation
The market is a perfect instrument for the achievement of many things. According to Ruttan in his book Is War Necessary for Economic Growth? (find a lecture about the subject using the link provided http://www.csbsju.edu/clemens/images/HistoricallySpeaking-Issues%20merged%201%2016%2007_2_.pdf he argues that large scale and long term government investment, not war, is necessary for the development of general purpose [...]
The market works small wonders
Saturday, June 13, 2009 by Mats Larsson The market works small wonders, at best. In order to facilitate large scale transformation of energy systems with precision, we need plans. We may take the example of wave power. There are now several types of wave power generators in development http://home.clara.net/darvill/altenerg/wave.htm that compete with each other. There [...]
Markets or plans, we need both – and efficiency, thank you!
Saturday, June 13, 2009 by Mats Larsson Mr. President, European Commissioner, Prime Minister, Herr Bundeskanzler, Statsminister etc, We no longer need to debate whether we should have a market economy or whether we need planned development. Following the conclusions of the late Professor Vernon W. Ruttan http://en.wikipedia.org/wiki/Vernon_Wesley_Ruttan we need large scale government investments for the [...]
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Mats Visits GWU June 21
