Saying that I do, of course, know the work of Mariana Mazzucato. I know that states have innovated. I am entirely confident that they still can. But adapting that innovation into useable products still seems to be a market function.
Governments can invent but not innovate.
No, not me, William Baumol. I’ve only been saying it because I know some economics, you know, have read Baumol – as Ritchie hasn’t been, nor Mariana
“But adapting that innovation into useable products”. Surely turning an invention into something useful is innovation?
Anyway, the state can’t do either, so there.
The BT tower’s excellent….
[clears throat]
Governments invent?* That’s like saying companies pay taxes. They may be working for the government at the time, but people invent.
* Well sure, facts ‘n figures. Any time it suits ’em. Comes under the same heading as ursine defecation.
Which government invented fire, clothes, the axe, corn, fishhook, the wheel, the cart, the boat, the bridge, the bow, the bridge, the pump, the engine, the windmill, the watermill, the electrical circuit, the dynamo, the radio, the telephone (no Mariana the core of the internet was not invented by a government but by an entrepreneur), the electric light, the refrigerator, the washing machine, the vacuum cleaner ?
Perhaps Professor Murphy also knows the works of Agatha Christie and J K Rowling
Tim’s only saying it because Baumol said it and it’s correct. Murphy’s only saying it because he’s going for a job somewhere and he needs to say it. We’ll find out soon enough.
BTW
Has anyone seen my baseball bat? I lost it recently whilst visiting friends in South Lundin
Golly; Murphy has actually read something by an actual economist – and references it? I thought he had invented all valid economics himself?
Ironman, I’m missing a kimono and a pet fox. Any sightings?
RichardT, only a matter of a few blog posts before Professor Potato discredits everything written by Baumol.
Who’s up for crowd-funding for a Vulpine Vote?
Hm. Can’t Soapy afford his own dressing gown?
The kink in this story is almost as large as the self-regarding wank.
Plus, plus, plus, why did he have a baseball bat in the first place?
I live not far distant. I don’t have a baseball bat.
I have an awl. And a hammer.
But I don’t play bat and ball with them.
The state can innovate…
… when it comes to inventing innovative new laws to steal money from the public
eg Brown’s SORN fines – fined for not breaking VED RTA Laws
@john77 +1
@Mr Lud
A 3 foot crowbar is more versatile than a bb bat.
https://www.theguardian.com/uk-news/2019/dec/27/rspca-investigates-after-lawyer-jolyon-maugham-kills-fox
Looks like Soapy Joe could be in trouble!
I wonder what possessed him to tweet what he had done. If he had just put the fox’s body in the bin no one would have noticed.
Sam Jones
Yes, that’s what I do
Some Uplifting Festive Cheer
The thrill of the chase
.
Commercial Break: Fry’s Turkish Delight
– aka Fry’s Chocolate Coated Soap
– Milk Tray etc I used to eat the chocolate then give the yuk to dog
.
England, my England – by an American
Lunch: Turkey almost finished
Boxing Day Bargain
Half a filleted salmon from Morrisons – reduced from £28.09 to £2.81
Richard Feyman on government patents
https://www.youtube.com/watch?v=rc9gwPB78lk