Great to see Oxford Biomedica, a firm that is intimately involved in manufacture of anti-Covid vaccines, extol the virtues of training apprentices through the ATAC programme in whose inception I was involved: "Before recruiting and upskilling talent through the ATAC programme,...
Oxford Biomedica's approach was to only hire highly experienced ...candidates or university graduates for their roles. Continuing to hire from such a limited recruitment base was going to become problematic and a potential barrier to Oxford Biomedica attracting future talent ..
for company growth." But the ATAC programme has "provided Oxford Biomedica with a structured programme that allowed them to significantly deliver on their skills demands ...This year Oxford Biomedica will have 4% of their workforce accounted for by apprentices" and ...
@RSAMatthew has written a really interesting and thought-provoking post on individualism. In this thread, I’d like to compare some aspects of his fascinating account with the ideas of an individualist whose work I know well, namely Friedrich Hayek. I do so less ...
to rebut some of the criticisms Taylor makes – he’s right on many counts - but rather to identify more precisely some of the possible shortcomings of individualism.
(1) “A core individualist assumption is that progress is best secured though leaving people to their own devices. Individualists, and we are all individualists sometimes, believe this is the best way of doing things not just for each person but for society as a whole.”
Taylor...
“If the individual’s wants are to be urgent, they must be original with himself. They cannot be urgent if they must be contrived for him. And above all they must not be contrived by the process of production by which they are satisfied ...
For this means that the whole case for the urgency of production, based on the urgency of wants, falls to the ground. One cannot defend production as satisfying wants if that production creates the wants.” (J. K. Galbraith, The Affluent Society.)
In his review of Galbraith’s book, Friedrich Hayek (jstor.org/stable/1055533…) criticises this account of the ‘dependence effect’ (as Galbraith termed it). Hayek acknowledges that most of people’s desires are ‘contrived’ in the sense of being the result of social processes of ...
I’ve just listened to a really interesting episode of Econtalk on two fascinating essays by James Buchanan, namely 'What Should Economists do?' and 'Natural and Artifactual Man.' Lots of interesting points were discussed. @EconTalker@econlib (Thread.)
Those points included: 1. Buchanan as an advocate of an approach that focuses on exchange under particular institutional conditions (rather than on the allocation of resources, as set out most famously by Lionel Robbins). 2. The importance of comparative institutional analysis
3. The shortcomings of viewing people’s decisions as ‘engineering’ (constrained optimisation) problems, whereby they seek to satisfy given preferences, and the benefits of viewing them as ‘artifactual’ beings who can impose rules on themselves and thereby shape their preferences.