But there's another economy which does reward work which is exploratory in and of itself. "R&D in the arts" seems to be quite a new thing, inspired by the digital model, but not motivated by financial revenue. I worry about the arts taking on the mantle, because R&D and innovation are terms with such an overwhelming direction built in to them
The UK - and therefore its population - is living way beyond its means. We have a Balance of Payments deficit of about 7% of GDP means that, on average, we are all enjoying a standard of living which is 7% higher than we are earning. To support this unrealistic life-style we are either borrowing from abroad or selling assets to foreign interests year after year on a scale unmatched by any other developed country.
The fact is the EU has done far more good than bad, and is a democracy. The future of democracy and our sovereignty is that it is shared and that we work together in this increasingly globalised world. Don't fall for the Brexit propaganda, in the long-term our future and success is in collaboration, not isolation.
Whilst we would like to think that our jobs, industries and income will not obey the basic rules of change, we would be naive to assume that the existing paradigm will remain. Most of us can remember the restrictions of our first, second and even current jobs but data suggests that how we currently work, versus how we will work in the future, is moving towards a new tipping point.
If any of these factors have more of an effect than the OBR has suggested then the Chancellor will find he has far more room for manoeuvre. I suspect that he already knows this: his largest "cuts" in response are either a re-phasing of existing commitments or subject to a review that wont publish until 2018, by which time the picture will be very different.
If you were to believe the commentariat, the recent falls in the pound are a complete disaster. According to many, we are on the edge of an economic abyss. Our country is about to be plunged into financial turmoil. And, worst of all it would seem, our summer holidays abroad have become a bit more expensive...
The mother in western culture in the twenty-first century faces a huge number of obstacles before her in her attempts to frame her life with 'autonomy' and 'self-determination': or, simply put, the right to live and control one's own life. Mothers feel immense social and economic pressure to 'get a job', or feel the strain of 'doing it all' when they do.
The pristine white snow and luxury hotels of the Swiss town of Davos formed the backdrop recently to the annual meeting of the World Economic Forum; the most significant gathering of the planet's foremost economic, business and political brains. Three days of speeches, discussions and dinners that truly have an influence of global proportions...
In today's world, power lies in our political systems and our economies. These two institutions, broadly speaking, control the way we live our lives. They carry huge implications for our freedoms, our human rights and our levels of security - financial and otherwise. Now consider who has the greatest access to, and control over, these institutions. Overwhelmingly, it's men. This is the conclusion drawn by reams of research into gender parity across the globe. Take, for example, the World Economic Forum's new Global Gender Gap Report, which measures the gender gaps in four key areas - health, education, economic participation and political representation.
Imagine you needed to solve the greatest problem facing humanity; a problem that was universally acknowledged and whose solution was an urgent necessity. Most of us would do anything to save a person we love. Surely we would also spend any amount of money, mortgage our futures even, to save the planet, our life-support system, from catastrophic climate change? But with such commitment and devotion comes vulnerability. This is particularly so when it comes to the issue of climate finance.
I'm delighted to have discovered a leaked 'damage limitation' briefing, sent to David Cameron from advisers, ahead of his meeting with Chinese President Xi Jinping this week. The paper gives some useful advice on what Mr Cameron should say to 'extract' himself from a damaging and embarrassing deal involving Chinese finance for nuclear new build...