Economics - Innovation - Inclusive Growth - Public Purpose
Innov-Eq

Innov-Eq

INNOV-EQ, founded by Professor Mazzucato, brings together innovation economists, economic historians and industrial economists to think creatively about the way that innovation and inequality co-evolve – and how this relationship has changed over the course of capitalism. While this concept was central in the analysis of the Classical economists, it has been largely forgotten in contemporary studies of innovation and technological change. With rising inequality across and within countries the issue is now back on the public agenda, particularly in relation to the concept of skill-biased technological change and the impact of a stronger Intellectual Property Rights (IPR) regime at the global level. Recent work has also begun to examine how the financing of R&D – particularly through venture capital and the stock market – may induce corporate strategies and bubbles which may contribute to rising inequality.