| 来源类型 | Reports and working papers
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| 规范类型 | 报告
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| From market-fixing to market-creating: a new framework for economic policy. |
| Mazzucato, Mariana
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| 发表日期 | 2015-09
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| 出版者 | SPRU Working Paper Series
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| 出版年 | 2015
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| 语种 | 英语
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| 摘要 | Many countries are pursuing innovation-led ‘smart’ growth, which requires certain types of long-run strategic investments. This paper argues that such investments require public policies that aim to create markets, rather than just ‘fixing’ market failures (or system failures). Such ‘mission-oriented’ investments have led to men walking on the moon (which created spillovers across the economy) and are today catalyzing investments to tackle climate change around the world. In the two above mentioned cases, public agencies not only ‘de-risked’ the private sector, but also led the way in terms of shaping and creating new technological opportunities and market landscapes. Only then was the private sector willing to invest. This paper considers four key questions that arise from a ‘market creating’ framework: (1) decision-making on the direction of change; (2) the nature of (public and private) organizations that can welcome the underlying uncertainty and discovery process; (3) the evaluation of mission oriented and market-creation policies; and (4) the ways in which both risks and rewards can be shared so that ‘smart’ innovation-led growth can also result in ‘inclusive’ growth. |
| 特色分类 | H Social Sciences$HB Economic theory. Demography
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| URL | http://sro.sussex.ac.uk/id/eprint/61970/
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| 来源智库 | Science Policy Research Unit (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/468562
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推荐引用方式
GB/T 7714 |
Mazzucato, Mariana. From market-fixing to market-creating: a new framework for economic policy.. 2015.
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文件名：
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2015_25_SWPS_Mazzucato.pdf
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格式：
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Adobe PDF
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