Mission-oriented finance for innovation : new ideas for investment-led growth / edited by Mariana Mazzucato and Caetano C. R. Penna.

Format:

Book

Contributor:

Mazzucato, Mariana, editor.

Penna, Caetano C. R., editor.

Language:

English

Subjects (All):

Venture capital.

Technological innovations--Finance.

Technological innovations.

Sustainable development--Finance.

Sustainable development.

Physical Description:

1 online resource (175 p.)

Place of Publication:

London, [England] ; New York, New York : Policy Network, 2015.

Language Note:

English

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 experience 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 c

Contents:

""Contents""; ""Acknowledgements""; ""About the Contributors""; ""Introduction""; ""Part I: How Economists Got It Wrong � An Alternative Diagnosis""; ""Fast Finance and Slow Growth""; ""The Social Value of Finance: Problems and Solutions""; ""How Maximising Shareholder Value Stops Innovation""; ""Dispelling Myths about Government Deficits""; ""Part II: What Governments Need to Do to Create Real Long-Term Growth""; ""Steering Economies Towards the Next Golden Age""; ""Why We Need Public Endowments� for Transformative Research""

""Six Decades of Mission-Oriented Finance for Industrialisation, Technical Change and Innovation in Brazil""""Challenges and Opportunities for a Knowledge-Based UK Economy""; ""Why a Fundamental Shift in Innovation Policy Is Needed""; ""Part III: Learning from Success and Failure""; ""Development, Uncertainty and the Role of State Investment Banks""; ""Financing Energy Innovation: The Case of ARPA-E""; ""The Rise of the State Investment Banks""; ""The European Investment Bank: Supporting Innovation in Europe""; ""The State as Venture Capitalist: The Case of the Danish Growth Fund""

""Financing Innovation: Lessons from Innovate UK""""Conclusion""

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed March 28, 2015).

ISBN:

979-82-16-36480-1

1-78348-496-9

OCLC:

905221120