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Clark pushed his advisory role to the point of policy advocacy, and it began to seem to some in Washington that American policy was being partly crafted from Château Gendebien.
However, recent research has shown that the adoption of deployment policies carries the potential of locking in the technology that is most cost-effective at the point of policy introduction, but may be inefficient in the long term.
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If it buys government bonds, and if this increases inflationary expectations (the point of the policy), bond yields could rise.
If we cut back on that subsidy, there will be less pollution, which is precisely the point of the policy.
The Treasury has got the point of regional policy for the first time in a long time.
But, putting such successes aside, the point of industrial policy is not to pick winners at all.
In other words, the point of public policy is to make big things happen that would not have happened anyway.
A Department of Health spokesperson said: "Councils have raised £382m of additional money from the social care precept just this year – but the point of the policy is that it can give increased revenue over time, rising to £2bn a year by 2019-20.
The reason they do this is not necessarily because they are uninterested in society, but because they have come to assume, rather uncritically, that the point of economic policy is to generate resources.
Entrepreneurship is posited to have an important impact on job creation (e.g., Birch, 1987) and this claim became conventional wisdom to the point of influencing policy making (Neumark et al., 2011).
The point of the policy was to make the ACB clear and consistent".
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