An Academic\’s budget proposal

A successful budget tomorrow would be one that signals the Treasury understands that investments in human capital, infrastructure and education are essential to growth.


Hardly a surprise
, could even be right, but \”Give me more money\” isn\’t the most convincing of submissions.

11 thoughts on “An Academic\’s budget proposal”

  1. Not Mariana again? Maybe this is crazy thinking but I am starting to think that The Guardian have some sort of preference for left-wing academics.

  2. They do struggle with self-knowledge, these people. “The biggest challenge is to leave ideology aside.” Er, yes.

  3. “In the 80s and 90s such investments were directed around IT – leading to what became decades of growth related to the internet revolution. ”

    That’s just a laughable claim. The government invested almost nothing in IT. There’s the BBC Micro (which most schools didn’t know what to do with) and that’s it. Certainly, in terms of internet, the UK government can claim just about nothing.

    Back in the 80s and 90s, the state thought that pouring money into Rover and DeLorean were good ideas.

  4. “…In her highly influential The Entrepreneurial State, argues that mainstream economics, and the market failure view of the State

  5. “…In her highly influential The Entrepreneurial State argues that mainstream economics, and the market failure view of the State’s role in the economy, ignores the role of the State in courageously leading in the innovation game”

    Quite the Ritchie fan, obviously.

  6. A successful budget would be one that acknowledges that there is a 1:1 correlation between energy and GDP growth and that is intended to actually produce growth. All politicians of all the parties know of the former. With the exception of UKIP, none of them are remotely interested in growth, as can be proven by the fact that, with the exception of UKIP, none of them have the remotest interest in allowing the free market to reduce electricity prices to a small fraction.

    Since that is the case I suppose the only successful budget speech we could hope for would be one punctuated with machine gun fire across the benches.

  7. So Much For Subtlety

    A successful budget tomorrow would be one that signals the Treasury understands that investments in human capital, infrastructure and education are essential to growth.

    Every sane person knows that most of British Higher education outside the STEM fields (and only some of them) as well as a tiny number of top quality institutions (Oxbridge and perhaps half of the University of London ) is value-subtracting. They leave the country and the students taking them worse off without even considering the debt levels. I have seen studies that suggest a degree in the liberal arts depressses your life time earnings by over 5%.

    If she believed the nonsense she spouted she would be calling for less spending on education. It is just an expensive way for British students to get drunk and have threesomes. Which would be fine if it wasn’t for the Trot bullsh!t that goes with it.

  8. Just finished a degree last summer. Amount to be paid back? Zero. Amount owed is considerable but repayment terms don’t kick in ever.
    New students now will have to earn a considerable amount before they even pay any of the interest thats accruing. Get a fairly basic job and never have to pay it back.

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