tag:blogger.com,1999:blog-1752771132348583018.post1688394673667417568..comments2024-03-28T04:18:27.812-05:00Comments on Managerial Econ: Tilting at the winds of creative descructionLuke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1752771132348583018.post-91229157297141071772012-09-06T19:53:16.676-05:002012-09-06T19:53:16.676-05:00None of the expensive and ill-fated attempts to pr...None of the expensive and ill-fated attempts to prop up failed banks and car companies, or to magically infuse solar, biofuel, and battery start-ups with élan vital, will generate lasting value.<br /><br />Isn't this the same rationale that says educating the poor, or working towards equal rights for women, or creating opportunities for minorities are all equally lacking in economic value? I am sure if you asked those who benefited from the policies of those who benefited from the new deal where the government spent money on projects that had no economic value (ie building dams that showed no long term value at the time) that most (if not all) would support those decisions.wade lee jonesnoreply@blogger.com