A summary of Mazzucato’s seminal work on the role of the public sector in innovation and economic growth.
Tag: government
How we all end up being shareholders, and why much of the private sector is, in fact, publicly owned.
A detailed look at what QE is, how it worked, and how it has inflated share prices without helping the economy.
A summary of Pozsar’s conclusions on what we need to do about wealth inequality destabilising our economy.
A brief explanation of how GDP is calculated, to lay a foundation for the next two posts.
Over the last few weeks I’ve outlined how our current monetary system works, what problems this causes, and briefly outlined some of the ideas currently…
We’ve seen in the last few weeks that money is created when banks make loans, so increasing the money supply in line with productivity is…
This is an extra blog post – it doesn’t fit into the regular flow of 500-word Friday blog posts explaining how the economy works and…
Decisions about who to allocate credit to, and how much credit to allocate, are absolutely fundamental to the path the economy takes in the future.…
If we want to produce enough for everyone, we need to invest in that productivity, and therefore we want our savings (i.e. our pensions) to be channelled to productive investment.