“The European Commission have released a report on mission-based European research and innovation. It added: “The report is the result of Professor Mariana Mazzucato’s academic reflections based on her research with input from internal and external stakeholders of the European Commission.” “ more
What role did a mysterious force called ‘globalisation’ play in the UK’s vote to leave the EU? And what now for globalisation? Those were the questions I was asked to discuss on BBC Radio 4’s Today programme on Monday with Editor of the Economist, Zanny Minton Beddoes.
Even amidst the current political turmoil, there are the beginnings of a much needed, more serious, search for answers as to why so many people, not only in the UK, feel that the global economy does not work for them. Even regions of the UK that are the largest beneficiaries of EU structural funds – worth €150 more
“Austerity – which has affected the living standards of many working people – was not imposed by the EU, but was a choice by the current government.” more
Economists are divided into macro and micro economists. The former focus on aggregates, like inflation, employment, and GDP growth. The latter worry about decision-making at the individual level—whether a consumer, worker or firm. The crisis in Greece poses both a macro and a micro problem—yet the cut and paste ‘austerity’ solutions proposed by the creditors have not tackled the enormity of either problem. more
“L’emergenza ellenica riguarda tutta l’economia, dai dati “macro” alle singole imprese. Ma l’ipocrisia more
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
The failure to reach an agreement in Greece is because from the start the diagnosis has been wrong. So in the end, the patient got sicker. And today wants to stop being treated. This sorry tale is an immense failure of the EU.
As Yanis Varoufakis has been repeating from the beginning, Greece did not have a liquidity crisis but a solvency crisis. more
Professor Mazzucato argues that Greece should not do what Germany says it does (austerity), but what Germany actually does (invest). more
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
“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