Economics - Innovation - Inclusive Growth - Public Purpose

Tag Archives: Sustainable

the real questions for China

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

Innovation Systems: From Fixing Market Failures to Creating Markets

Innovation Systems: From Fixing Market Failures to Creating Markets

Mazzucato, M. (2015) Which Industrial Policy Does Europe Need? Volume 50, May/June 2015, Number 3 | pp. 120-155 One lesson of the Great Recession has been that countries with higher shares of industry in their GDP seemed to be less affected by the crisis. Consequently, the call for an industrial renaissance has become stronger. Industrial policy has… 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

Reiz Des Wechselspiels

Reiz Des Wechselspiels

“Mariana Mazzucato macht einen Vorschlag, wie Staat und Unternehmen zusammenarbeiten können.” English version more

Was der Staat kann

Was der Staat kann

by Mariana Mazzucato, Le Monde Diplomatique “Oft wird behauptet, die Nöte der ‘peripheren’ Länder der Eurozone, etwa Portugals und Italiens, seien durch einen ‘verschwenderischen’ öffentlichen Sektor verursacht. Dabei wird das Offensichtliche übersehen: dass diese Länder eher an einem stagnierenden öffentlichen Sektor leiden, der die strategischen Investitionen versäumt hat, die erfolgreichere Kernländer wie Deutschland seit Jahrzehnten… more

Mission Finance: starting to think big again

Mission Finance: starting to think big again

Modern capitalism faces a number of societal challenges, including climate change, youth unemployment, obesity, ageing, and rising inequality.
To meet them requires a new agenda for innovation and growth policy. We need policymakers to ‘think big’ about what kind of technologies and socio-economic policies can fulfil visionary ambitions to make growth more smart, inclusive and sustainable.
But how can Governments think big about the more