Mission-oriented public investment is vital to spur a revival of private-sector investment… What economies need, today, is not more
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Tag Archives: Crisis
Chine: les vraies questions à se poser
“Devons-nous nous inquiéter de ce qui se passe en Chine? La croissance de la principale économie émergente est-elle en panne ? Ou bien le récent ralentissement économique et la dévaluation de la monnaie ne sont-ils que de simples remous?” This article was first published on the front page of La Repubblica on August 21, 2015.… more
Se l’ultima rivoluzione cinese fa tremare l’economia globale
by Mariana Mazzucato “Pechino ha bisogno di minore rigidità e di decentramento ma anche la Ue deve reagire in maniera flessibile e dinamica per evitare la catastrofe.” PDF English version more
the real questions for China
Should we worry about China? Is growth in the key ‘emerging economy’ over, with dangerous reverberations across the globe, or are the latest changes to both its growth and its exchange rate just ripples not to worry about? All this depends on what the causes of such changes are. And traditional analysis seems to be looking in the wrong place, confusing causes with symptoms.
With much of the world economy still sick from more
THE FISCAL DISCIPLINE METED OUT TO ATHENS WILL NOT LEAD TO GROWTH
Prof. Mazzucato argues that a strategy of reforms without investment is doomed to fail. more
Solo lo spirito del Dopoguerra potrà salvarci dalla crisi eterna
“L’emergenza ellenica riguarda tutta l’economia, dai dati “macro” alle singole imprese. Ma l’ipocrisia more
Alternatives to Austerity
Insights from Professor Mazzucto’s work, including a lecture she gave to the University of Bath’s Institute for Policy Research (IPR), informed this IPR Policy Brief, ‘Alternatives to Austerity’ (see chapter 4). Website PDF more
Greek bailout extension refused: this cannot be fixed by cuts and more cuts.
Professor Mazzucato argues that Greece should not do what Germany says it does (austerity), but what Germany actually does (invest). more
Greece: the useless compromise
The arm wrestling between Athens and its international creditors seems likely to lead to yet another compromise. While some see this optimistically, it is time to shout loud and clear that this is an agreement that is unlikely to solve anything. Particularly not Greece’s real, underlying problems, which are huge and have to do with solvency, not liquidity. To tackle Greece’s real problem we need to address the real issue: the lack of a plan for investments that more
Grecia, l’inutile compromesso
“Il braccio di ferro tra Atene e i creditori internazionali sembra avviarsi verso l’ennesimo compromesso e già riecheggia il coro dei falsi ottimisti: meglio un compromesso di un default. E invece proprio questo è il momento di dirlo chiaro e forte: si profila un accordo che rischia di non risolvere nulla.” English version more