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Mission-oriented finance for innovation : new ideas for investment-led growth / edited by Mariana Mazzucato and Caetano C.R. Penna.
- Format:
- Book
- Language:
- English
- Subjects (All):
- Venture capital.
- Technological innovations--Finance.
- Technological innovations.
- Sustainable development--Finance.
- Sustainable development.
- Market creation.
- Physical Description:
- 1 online resource
- polychrome
- Place of Publication:
- London : Policy Network : Rowman & Littlefield, [2015]
- System Details:
- text file
- Summary:
- The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving 'smart' innovation-led growth have benefited from long-term visionary 'mission-oriented' policies - from putting a man on the moon to tackling societal challenges such as climate change and the wellbeing of an ageing population. This book collects the experiences of different types of mission-oriented public institutions around the world, together with thought-provoking chapters from leading economists. As the global debate on deficits and debt levels continues to dominate economic discussion, Mission-Oriented Finance for Innovation offers a challenge to the conventional narrative - asking what kinds of visionary fiscal policies we need to help promote 'smart' innovation-led, inclusive and sustainable growth. Book jacket.
- Contents:
- Part I How Economists Got It Wrong - An Alternative Diagnosis 11
- Fast Finance and Slow Growth / Andrew Haldam Haldam, Andrew 13
- The Social Value of Finance: Problems and Solutions / Adair Turner Turner, Adair 21
- How Maximising Shareholder Value Stops Innovation / William Lazonick Lazonick, William 31
- Dispelling Myths about Government Deficits / Randall Wray Wray, Randall 39
- Part II What Governments Need to Do to Create Real Long-Term Growth 49
- Steering Economies Towards the Next Golden Age / Carlota Perez Perez, Carlota 51
- Why We Need Public Endowments for Transformative Research / Arun Majumdar Majumdar, Arun 59
- Six Decades of Mission-Oriented Finance for Industrialisation, Technical Change and Innovation in Brazil / Mariano Laplane Laplane, Mariano 65
- Challenges and Opportunities for a Knowledge-Based UK Economy / Vince Cable Cable, Vince 75
- Why a Fundamental Shift in Innovation Policy Is Needed / Tera Allas Allas, Tera 85
- Part III Learning from Success and Failure 95
- Development, Uncertainty and the Role of Stale Investment Banks / Luciano Coutinho Coutinho, Luciano, João Carlos Ferraz Ferraz, João Carlos, Felipe Silveira Marques Marques, Felipe Silveira 97
- Financing Energy Innovation: The Case of ARPA-E / Cheryl Martin Martin, Cheryl 105
- The Rise of the State Investment Banks / Matthias Kollatz-Ahnen Kollatz-Ahnen, Matthias 111
- The European Investment Bank: Supporting Innovation in Europe / Shiva Dustdar Dustdar, Shiva 119
- The State as Venture Capitalist: The Case of the Danish Growth Fund / Christian Motzfeldt Motzfeldt, Christian 129
- Financing Innovation: Lessons from Innovate UK / Iain Gray Gray, Iain 139.
- Notes:
- Electronic reproduction. Ann Arbor, MI Available via World Wide Web.
- Description based on online resource; title from digital title page (viewed on September 25, 2015).
- Local Notes:
- Acquired for the Penn Libraries with assistance from the John Lammey Stewart Memorial Library Fund.
- ISBN:
- 9781783484966
- 1783484969
- Publisher Number:
- 99988144257
- Access Restriction:
- Restricted for use by site license.
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