More on Will Hutton’s talk – Coverage from the Irish Times
A previous post linked to a talk and ppt from Will Hutton, the prominent UK economist.
The Irish Times provides some colour for his talk. Some quotes:
BRITISH ECONOMIST and public intellectual Will Hutton was critical of the recent Innovation Taskforce report when he delivered a public lecture in Liberty Hall in Dublin this week, writes COLM KEENA
The report “does not go any way far enough”, he said. “The first page of the report talks about tax breaks for entrepreneurs. We are going to need a lot more than that.”
Referring to the dire state of the Irish economy and the “scarcely credible” contraction it is going through, he said investment in innovation was the only way forward.
He said a new suite of institutions needed to be created to facilitate investment in innovation and described as shocking the low level of investment coming from the financial sector into innovation and start-ups.
Public action and investment were needed to “populate your republic with a network of institutions to run an innovation ecosystem”. At the moment, the channels did not exist for stimulating the economy through investing in innovation.