Economics - Innovation - Inclusive Growth - Public Purpose

INET - Financing Innovation

an application of a Keynes-Schumpeter-Minsky synthesis

Where it all began: Meeting on the links between Keynes, Minsky and Schumpeter, Ford Foundation (Reforming Global Finance Programme), NY, February 3-4, 2011.
From left: Bill Lazonick, Mariana Mazzucato, Leonardo Burlamaqui, Charles Whelan, Alessandro Vercelli, Randy Wray, Sidney Winter, Giovanni Dosi, Jan Kregel, Dick Nelson, Bart Verspagen.

Official page for this INET grant

The Levy Institute page on this grant

Launch of the related Rethinking the State video project

Introduction

It is through innovation (technological, institutional, organizational and cultural) that economic development – or the ‘capital development of the economy’ (in the words of Minsky) – occurs. more

Empirical focus

The empirical side of the project will focus on specific sectors, mainly biotechnology and the emerging green technology sector, as well as related macro aggregates. more

Project members

The Financing Innovation project is a joint research effort of two leading institutions in the field of post-Keynesian monetary economics and neo-Schumpeterian evolutionary economics more

Interviews

INET In The News

The Most Dangerous Word in Tech

The Most Dangerous Word in Tech

“Increasingly, however, economists and social thinkers are challenging the conventional wisdom on innovation… Mariana Mazzucato described the most notable technology innovations as coming from the government, not the private sector.” Quentin Hardy

project-related publications

Fabian Society policy publication

Fabian Society policy publication

Professor Mazzucato contributed to the Fabian Society policy publication “The great rebalancing – How to fix the broken economy” with the piece “Lighting the Innovation spark”. more

High pay centre policy

High pay centre policy

Professor Mazzucato contributed to the High Pay Centre policy publication “Paid to Perform? What do we want our business leaders to achieve?” more

keynotes, presentations and key meetings

BBC Radio 4 interview

BBC Radio 4 interview

Mazzucato provides insights on the myth of the private ‘entrepreneur’, and whether recessions help ‘trim the fat’ off companies (survival of the fittest) or actually penalize innovative companies.