Mazzucato, Mariana; Wray, L. Randall - Laboratory of Economics and Management (LEM), Scuola … - 2015
, innovations, and the advance of human knowledge- the rate of growth of capacity has slowed. The past quarter century witnessed the … greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed …