Making Finance Work for Innovation

From the collection Economics of Innovation

Institute for New Economic Thinking grantees Mariana Mazzucato and Randall Wray, who are working together on research on how to best finance the innovation we need in the 21st century. They suggest that the financial sector could be engaged in “destructive creation” rather than “creative destruction,” as it has shifted more towards speculation rather than productive investment. How can we get the financial sector back to serving its intended function?

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