Welcome, I’m a Professor in the Economics of Innovation at SPRU, University of Sussex. My work is focused on the economics of innovation; finance and economic growth; and the role of the State in modern capitalism.
I advise policy makers around the world on how to achieve economic growth that is both 'smart' - innovation led - and also more inclusive. My research is currently funded by two large grants from the European Commission’s Horizon 2020 programme: ISIGrowth on innovation policy and Dolfins on financial reform.
My book, The Entrepreneurial State: debunking public vs. private sector myths, challenges the image of the lethargic, regulating state versus the dynamic business sector—using historical examples to show high risk, bold investments that led to technological revolutions were sparked by public sector institutions. It offers a new way of thinking about political economy in the 21st century. My new book, Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, co-edited with Michael Jacobs, is out now.