Second paragraph of third chapter:
This link between theory and practice is exactly what the great economist John Maynard Keynes meant when he said: ‘Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.’1 Below, I debunk five of the most common myths about government and explain why they’re problematic for a mission-oriented approach to changing capitalism.
1John Maynard Keynes, General Theory of Employment, Interest, and Money (London: Macmillan, 1936), p. 383.
This is a rather uplifting book, about how it’s entirely possible to get governments to lead grand projects, also involving the private sector and civil society – if only they want to do it. It’s not based on messianic vision or pure idealism – the author has advised on major state and EU initiatives on how to implement things like the Green Deal. Her central point here is that creating a more just and greener society is entirely possible, as long as it is made a core mission of government and approached as an Apollo-style project.
It would also be instructive to read her analysis of why this doesn’t often happen in real life – in particular, I’m looking with some concern at the managerial approach of the new Starmer government in the UK, and wondering how transformational this can ever really be – but it’s reassuring that a senior practitioner believes that it actually can be done if the political will is there. As Margaret Mead said… (…well, you know what she said). It’s also mercifully short.
You can get Mission Economy here.
This was my top unread book acquired in 2021; next on that pile is How I Learned To Understand the World, by the late great Hans Rosling.
