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Tag Archives: State Investment Banks

STATE VS. MARKETS: A MISLEADING DICHOTOMY

STATE VS. MARKETS: A MISLEADING DICHOTOMY

The debate about the relative roles of the state and the market in capitalist economies tends to swing from side to side in the hearts and minds of public opinion: periods when the state is defended for its role in economic development are always superseded by an attack on its intervention into ‘well functioning’ markets. It has been like this throughout the twentieth century. And it is what has happened since the most recent global financial crisis and economic recession: a brief period right after its outbreak, when there was consensus that the state had a key role to play in both saving the banks and using fiscal policy to promote growth, was quickly apprehended more

A progressive economic agenda

A progressive economic agenda

I’ve agreed to join a new Economic Advisory Committee being set up by the UK Labour party, announced this week by new Shadow Chancellor John McDonnell. I’ll be working alongside some other great economists including Nobel laureate Joseph Stiglitz, Thomas Piketty, David Blanchflower and Simon Wren-Lewis (whose take on joining the committee you can read here). more

Chine: les vraies questions à se poser

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

O custo do custo-benefício

O custo do custo-benefício

“O Brasil deveria definir os vetores das políticas públicas e das ações privadas a longo prazo, em vez de priorizar os “benefícios” da austeridade” Mariana Mazzucato, Caetano Penna      PDF more