- December 23, 2020
- By Daily Star
Mariana Mazzucato-The United Kingdom is entering its deepest recession in 300 years. Millions of jobs are at risk, and national debt has exceeded 100 percent of GDP. Now is hardly the time to explore the conceptual underpinnings of economic theory, right? In fact, as governments everywhere are borrowing, spending and regulating on an unprecedented scale, a deeper understanding of economic decision-making is essential both to accelerate the recovery and to avoid longer-term risks. That is why the UK Treasury’s new guidance on decision-making for transformational change is so welcome, and why finance ministries everywhere should follow suit.
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