What Greece Needs to Prosper

Some economists overlook the modern idea that a country’s prosperity depends on innovation and entrepreneurship. They take the mechanistic view that prosperity is a matter of employment, and that employment is determined by “demand” – government spending, household consumption, and investment demand. Read more at http://www.project-syndicate.org/commentary/what-greece-needs-to-prosper-by-edmund-s--phelps-2015-08#0LQAx4JvJ7DKme7F.99