26 On this issue, however, Ned Phelps observes that the solution is not the indefinite increase in the number of technical and scientific university graduates, 27 of whom there are already a good many in the main advanced countries, but to aim for innovation and individual dynamism, creativity and adaptability, which depend greatly on customs and which must continue to be emphasised in schools and universities, through the humanities: history, philosophy, literature.
Furthermore, business and household sentiment is getting a boost from the substantial rise in stock prices from their low levels during the early spring. Thus, it is likely that exports and production will gradually resume an upward trend, triggering a virtuous circle leading to a moderate self-sustained recovery in domestic demand.