Communicating economics to the public
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economicsnetwork.ac.uk
Who should get the fruits of innovation? Today, the gains are hoarded by corporations like Apple or Tesla. But University College London professor and INET grantee Mariana Mazzucato has a different answer: The state should reap the returns that its massive investment in innovation has generated. Mazzucato argues that the state, often dubbed “lender of last resort,” should instead take an unabashed role as “investor of first resort”—acting as a proactive investor in major innovations, and getting
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