Successful economies grow because they allow enterprise the space to succeed (or fail) not because of any industrial strategy, regeneration programme or intervening before 'breakfast, lunch and dinner
Goodhart’s law: When a measure becomes a target, it stops being a good measure.
Once a goal is set, people will optimize for that goal in a way that neglects equally important parts of a system....such as maintaining economic viability.
Goodhart’s law: When a measure becomes a target, it stops being a good measure.
Once a goal is set, people will optimize for that goal in a way that neglects equally important parts of a system....such as maintaining economic viability.