The “Real Economy” vs. the Financial Economy (And then I rembered Laputa)

The Greek Formula One idiocies of late — see http://goo.gl/E64Tp for ample backgrouknd there — have me asking myself, on what planet do these good souls and their ilk live? Or think  they live?  And then I remembered Laputa.

Testimony: Science and Technology Select Committee, UK House of Lords

In the last weeks I was asked to provide written testimony and evidence in answer to a “Call for Evidence” for the UK House of Lords Science and Technology Select Committee on the subject of “Behaviour Change —Travel-Mode Choice Interventions to Reduce Car Use in Towns and Cities”. As can happen in these things, in my remarks I moved away from the chosen topic (instruments for behaviour change),  on the grounds that there are other more fundamental issues that need to be tackled first. In the following you will find my submittal of last Monday to the committee, whom I thank for giving me this opportunity to share my views.