The big consultancy con, with Mariana Mazzucato
World Review from the New Statesman
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The Third Way
I was really surprised at the third way as thought of by Bill Clinton and Tony Blair they don't come out that well in the book. How their vision for how government should operate led to this problem of an over reliance on consultancy. The public good is justified through market failure theory so markets are supposed to work perfectly but sometimes things go wrong because you might have a positive externality. There's too little incentive for the private sector to invest in it because they can't appropriate the returns just to themselves.
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