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Tag Archives: Inclusive Growth

The Brexit-Trump Syndrome: it’s the economics, stupid

The Brexit-Trump Syndrome: it’s the economics, stupid

The election of Donald Trump, and the Brexit vote in the UK, have both been widely interpreted as a revolt of the economically ‘left behind’: a protest by working class voters at the impact of globalisation on their jobs and living standards. In neither case is this the whole explanation: in both the UK and US, plenty of people on higher incomes and in wealthy areas voted for the insurgent movement. But there can be little doubt that in Michigan and Merthr Tydfil, South Carolina and Sunderland, the disaffection of people on below-average incomes drove the outcome. more

Revolución alimentada por el Estado

Revolución alimentada por el Estado

Mazzucato’s article on why US public agency ARPA-E has beaten the private sector to a key breakthrough in battery technology, which originally appeared on Project Syndicate. more

Jeremy Corbyn’s Necessary Agenda

Jeremy Corbyn’s Necessary Agenda

Seven economists (including Joseph Stiglitz, Thomas Piketty, and me) have agreed to become economic advisers to Jeremy Corbyn, the new leader of the British Labour Party. I hope we will have a shared goal to help Labour shape an economic policy that is investment-led, inclusive, and sustainable. more

RE-IGNITING PUBLIC AND PRIVATE INVESTMENTS IN INNOVATION

RE-IGNITING PUBLIC AND PRIVATE INVESTMENTS IN INNOVATION

At the end of July I was invited to be a panelist for the latest Forum of the Middle Class Prosperity Project in the US Senate in Washington DC, convened by Senator Elizabeth Warren and Congressman Elijah Cummings. The project was set up to examine some of the key challenges facing middle-class America and this particular Forum’s focus was on “Building the Economy of the Future: Why more

Today’s New Deal should be a Real Deal – a partnership of equals between public and private actors in the innovation economy.

Today’s New Deal should be a Real Deal – a partnership of equals between public and private actors in the innovation economy.

When you argue that the role of the state in the economy is more than a ‘facilitator’, a ‘de-risker’, a regulator, a spender or an administrator–you will get a big reaction. After all, these assumptions have been at the heart of economic policy in countries around the world for the last half-century or more. We like to pretend that the state is at best useful for fixing different types of more