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Rethinking Capitalism

Why had they not seen the financial crash coming? Her question went to the heart of two huge failures of modern economics: the near collapse of some of the world’s major economies; and the faith in an orthodox economic framework that offered no explanation for what was happening.

Why Economic Recovery Requires Rethinking Capitalism
By Mariana Mazzucato

NOV 15, 2016 | INCOME & WEALTH | EMPLOYMENT & JOB STRUCTURE | TECHNOLOGY | INNOVATION & INEQUALITY | PUBLIC & PRIVATE INSTITUTIONS | MACROECONOMIC THEORY | INSTITUTIONS, POLICY & POLITICS


Mission-oriented public investment is vital to spur a revival of private-sector investment

In 2008, Queen Elizabeth II went to the London School of Economics to open a new academic building. The British Monarch has made it a life’s work to avoid saying anything contentious in public, but this time she had a question for the economists: Why had they not seen the financial crash coming?

 

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Tom Roche (trading as) Just Forests Ltd.
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