False Economies

Ross Gittins is one of the few economic commentators who understands that leisure and a pleasant working life are just as important as production, if not more so. In this piece, which came out when I was moving house, he asks

If micro-economic reform has been as hugely successful as the econocrats keep assuring us – and as the productivity figures confirm – why has the reform process virtually ground to a halt? Why have our politicians been struck down by “reform fatigue”?

and concludes that many of the apparent benefits of microeconomic reform are ‘false economies’. I get a nice mention as a ‘neoclassical iconoclast’.