1: Rethinking Capitalism: An Introduction (Michael Jacobs and Mariana Mazzucato)
2: The Failure of Austerity: Rethinking Fiscal Policy (Stephanie Kelton)
3: Understanding Money and Macroeconomic Policy (L. Randall Wray and Yeva Nersisyan)
4: The Costs of Short-termism (Andrew Haldane)
5: Innovative Enterprise and the Theory of the Firm (William Lazonick)
6: Innovation, the State and Patient Capital (Mariana Mazzucato)
7: Investment-led Growth: A Solution to the European Crisis (Stephany Griffith-Jones and Giovanni Cozzi)
8: Inequality and Economic Growth (Joseph Stiglitz)
9: The Paradoxes of Privatisation and Public Service Outsourcing (Colin Crouch)
10: Decarbonisation: Innovation and the Economics of Climate Change (Dimitri Zenghelis)
11: Capitalism, Technology and a Green Global Golden Age: The
Role of History in Helping to Shape the Future (Carlota
Perez)
Michael Jacobs is Visiting Professor in the School of Public Policy at University College London.
Professor Mariana Mazzucato (PhD) holds the Chair in the Economics of Innovation and Public Value, University College London (UCL) where she is establishing a new Institute for Innovation & Public Purpose (launching Autumn 2017).
Further information:
Michael Jacobs is Visiting Professor in the School of Public
Policy and Department of Political Science at University College
London. An environmental economist and political theorist, his work
has focused on the political economy of environmental change. His
books include The Green Economy: Environment, Sustainable
Development and the Politics of the Future (Pluto Press, 1991),
Greening the Millennium? The New Politics of the Environment (ed,
Blackwell, 1997), The Politics of the Real World (Earthscan 1996)
and Paying for Progress: A New Politics of Tax for Public Spending
(Fabian Society 2000).
Professor Mariana Mazzucato (PhD) holds the Chair in the Economics of Innovation and Public Value, University College London (UCL) where she is establishing a new Institute for Innovation & Public Purpose (launching Autumn 2017). Mazzucato’s highly-acclaimed book The Entrepreneurial State: debunking public vs. private sector myths (Anthem 2013; Public Affairs, 2015) was on the 2013 Books of the Year list of the Financial Times. She is winner of the 2014 New Statesman SPERI Prize in Political Economy and the 2015 Hans-Matthöfer-Preis and in 2013 she was named as one of the '3 most important thinkers about innovation' in the New Republic.
She has advised policy makers around the world on innovation-led growth and is currently a member of the Scottish Government’s Council of Economic Advisors; the World Economic Forum’s Council on the Economics of Innovation and SITRA’s (Finnish Innovation Fund) Advisory Panel. Her current research projects include two funded by the EC Horizon 2020 programme: Innovation-fuelled, Sustainable, Inclusive Growth (ISIGrowth) and Distributed Global Financial Systems for Society (Dolfins) and a new project on Rethinking Medical Innovation by the Open Society Foundations. Her recent research includes projects funded by the Ford Foundation and the Institute for New Economic Thinking, and work commissioned by NASA, the European Space Agency and the Brazilian Ministry for Science and Technology.
She is currently writing The Value of Everything which will be published by Penguin’s Allen Lane in 2017.
"A fine collection of chapters by leading progressives on what went
wrong -- low growth, flagging investment and innovation, too few
jobs and too much carbon -- and what might be done. May it close
the door on the failed "mainstream" and open another, toward a
fully-integrated, uncompromising, radical view of economics and
economic policy."
James K. Galbraith, Lloyd M. Bentsen, Jr. Professor in
Government and Business Relations, University of Texas at
Austin, author of Future of Growth and Inequality: What
Everyone Needs to Know "The economies of developed countries face
profound problems, including congested and polluted cities,
deep inequalities, marginalisation of large segments of the
population and sluggish growth. And the next twenty years will have
to see severe cuts in greenhouse gas emissions if we are
to have any serious chance of avoiding dangerous climate
change. Economic policy must change radically and quickly if we are
to tackle these deep and inter-related problems. That means, in
turn, a deeper understanding of the workings of our capitalist
system. This book is a very valuable and thoughtful contribution to
these crucial tasks."
Lord Nicholas Stern, IG Patel Professor of Economics and Government
at the London School of Economics and author of the Stern
Review on the Economics of Climate Change "This excellent
book could not be more timely. With the rise of populist protest
movements across the west, the hard realities of stagnating real
wages and entrenched inequality, it is plain that modern capitalism
is not working. Rethinking economics is invaluable contribution to
the challenging tasks ahead."
Will Hutton Principal Hertford College Oxford and author
of The State We’re In "We badly need fresh thinking in the
world of economic policy making today - and this book offers a
plethora of provocative ideas. It tackles numerous sacred cows in a
lively and provocative manner and challenges our assumptions. It is
thus a very valuable and welcome contribution to the current debate
about why so many western economies have performed poorly since the
great crisis.”
Gillian Tett, Financial Times Västvärldens kapitalism är i
kris. Men det finns sätt att göra den mer innovativ, inkluderande
och hållbar. Det anser författarna till Rethinking Capitalism.
Economics and Policy for Sustainable and Inclusive Growth. I bokens
kapitel diskuterar de problemen med moderna mainstreamteorier. De
föreslår en rad lösningar på dagens ekonomiska problem, och menar
att det krävs nytänkande såväl inom nationalekonomin som på
policyområdet. För att förstå innovation behöver man studera
verkliga exempel. Det duger inte att förlita sig på abstrakta
teorier om företag som vinstoptimerande maskiner. Redaktörer är
Michael Jacobs och Mariana Mazzucato.
The capitalism of the western world is in crisis. But there are
ways to make it more innovative,
inclusive and sustainable. It considers the authors of Rethinking
Capitalism. Economics and Policy
for Sustainable and Inclusive Growth. In the chapter of the book
they discuss the problems of modern mainstream theories. They
propose a series of solutions to today's economic problems, and
argue that it requires innovative thinking, both in the national
economy and in the policy area. In order to understand innovation,
one needs to study real examples. It is not good to rely on
abstract theories about companies like profit optimizing machines.
Editors are Michael Jacobs and Mariana Mazzucato.
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