"An unusual consensus has developed among economists that the 'long boom' before 2008, and the subsequent crisis and recession, resulted from a global excess of capital. Over-supply of saving drive down capital costs, encouraging excessively risky investment and preventing the scrapping of...

"Award-winning author and leading economist Mariana Mazzucato critically examines the current system of capitalism and argues for mission-oriented policies, emphasizing why we need to take big risks to achieve even bigger rewards for our health, society, and environment."

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...

Was wäre, wenn die gleiche Innovationskraft, die vor 50 Jahren die Menschheit auf den Mond brachte - die grosse Ziele setzt und ebensolche Risiken eingeht - auch auf die Herausforderungen unserer Gegenwart angewendet würde? Wir müssen weg vom Schubladendenken, nach dem der Staat das Geld gibt...