![]() ![]() Plus, an economy is not about one single need, picked by foresighted decision makers, in periods other than war time. It is easy to talk of “missions” and “directionality” but it is often quite controversial which mission should be undertaken – and with what kind of resources. That policy decisions other than pouring money at it can affect the production process is uncontemplated. People talk about the making and producing of such vaccines as something which should be “expected”, somehow from Big Pharma, like Santa delivers presents on Christmas. ![]() There is a little bit of that in the contemporary discussion over Covid-19 vaccines (at least in Europe). The processes by which things are produced and marketed are seen as the reflection of easily identifiable and relatively simple decisions by those on top. What always astonishes me about her (and similarly, other industrial policy advocate types’) views is how highly complex processes are sketched into very simple drawings. There is not much new in Mazzucato’s new book compared to her previous ones. ![]()
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