I am not even sure what to make of this, but in a note relating to the Keynes-Hayek debate Edmund Phelps writes
What now do we do? With some luck, the economy will
“recover” through a return of investment activity to sustainable
levels once some capital stocks, like houses, have been worked
down. But it will not recover to a strong level of business activity
unless something happens to boost innovation. The great question
is how best to get innovators humming again through the breadth
of the land. Hayek himself said little on innovation. But at least he
had an applicable theory of how a healthy economy works.The Keynesians, sad to say, show no understanding of how
the economy works. They think they can lever employment up or
down by pushing buttons – as if the economy were hydraulic. They
show no grasp of the concepts that would be…
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Utopia, you are standing in it! 
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