Economics - Innovation - Inclusive Growth - Public Purpose

Tag Archives: Crowding-Out/In

Five Key Points for Italy’s Banking Woes

Five Key Points for Italy’s Banking Woes

There is serious concern about Italy’s banks and whether the bad debt they are carrying signals trouble for the Eurozone. In facing up to its troubled financial system Italy’s political leaders could also benefit from a moment of reflection on what the role of finance could, and should, be in a dynamic and functioning economic system. As finance is central to the capitalist system, the lessons for Italy’s financial system are broader than the role of its banks. I will concentrate on 5 key points.
First, money is not just a medium of exchange, replacing barter and then gold. Money lies at the centre of the economic system which is, as understood especially by the great economist Hyman Minsky more

Cinque medicine per curare la malattia delle banche

Cinque medicine per curare la malattia delle banche

“I travagli che da diversi anni scuotono il sistema finanziario italiano offrono spunti di riflessione sul ruolo che la finanza potrebbe e dovrebbe avere in un ecosistema economico dinamico ed efficiente” PDF English version more

The Future of the BBC: the BBC as Market Shaper and Creator

The Future of the BBC: the BBC as Market Shaper and Creator

At the heart of the government’s green paper on the future of the BBC is an implicit accusation that the broadcaster is ‘crowding out’ the market through the scale and quality of its services. The BBC is accused of (potentially) ‘stealing’ audience from private broadcasters, diminishing potential income from advertising (or subscription) and, consequently, private investments. If the BBC is to be blamed for ‘crowding more

BBC: From Crowding Out to Dynamising In

BBC: From Crowding Out to Dynamising In

Chapter for the Reuters Institute for the Study of Journalism Report, “Is there Still a Place for Public Service Television? Effects of the Changing Economics of Broadcasting“. more

DEMOS policy paper

DEMOS policy paper

Professor Mazzucato contributed to the Demos policy paper “Twenty years of ideas” with the piece “Do something different – The role of an entrepreneurial state in fostering innovation”. more