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If Justice Department rules were applied to the bank ie appointments based on merit, it could work.

It is easier in Finland that has similar existing institutions. The top person is usually a political appointee who is no longer active in politics - for instance a former PM. (being unicameral, there is no place to shuffle off the ex-PMs to.  

Tekes (Finnish Funding Agency for Technology and Innovation), for instance, has an oversight board made up more or less as I described earlier. Then there is strategic management, research management etc. It is cumbersome in some ways, but ensures that ideologies have less influence. Salaries are academic standard for the levels. Some business members at higher level are seconded by their companies.

But it is easier in Finland to get the best people because a) the differential in upper and lowers salaries is much narrower than in the US and b) a job with such an institution gives a valuable overview.

There is a certain amount of revolving door going on, but it is the sort of move that goes from macro to micro - ie a researcher or enabler for some new technology might leave the funding institution to join a project as a start-up, in order to guide it. As far as I know, this is actually encouraged. It's called seeding ideas and know-how.

You can't be me, I'm taken

by Sven Triloqvist on Sat Sep 27th, 2008 at 06:05:42 PM EST
[ Parent ]
(being unicameral, there is no place to shuffle off the ex-PMs to)

Bruxelles? ;-P

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Sep 28th, 2008 at 12:33:40 AM EST
[ Parent ]
Exactly - where they go to practice their very poor language skills ;-)

You can't be me, I'm taken
by Sven Triloqvist on Sun Sep 28th, 2008 at 03:44:01 AM EST
[ Parent ]

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