Jacobs, M;
Mazzucato, M;
(2017)
Breaking with Capitalist Orthodoxy.
Dissent
, 64
(2)
pp. 33-42.
10.1353/dss.2017.0050.
Preview |
Text
project_muse_652988.pdf - Published Version Download (1MB) | Preview |
Abstract
Three fundamental problems have led to Western capitalism's current weak performance: weak and unstable growth; stagnant living standards and rising inequality; and environmental risk and climate change. A more innovative, sustainable, and inclusive economic system is possible. We need a richer characterization of markets and the businesses within them. We must recognize that investments in technological and organizational innovation, both public and private, are the driving force behind economic growth and development. We must recognize that the creation of economic value is a collective process. This reappraisal of some of the dominant ideas in economic thought can inform new policies that can more successfully tackle the challenges of capitalism today.
| Type: | Article |
|---|---|
| Title: | Breaking with Capitalist Orthodoxy |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1353/dss.2017.0050 |
| Publisher version: | http://dx.doi.org/10.1353/dss.2017.0050 |
| Language: | English |
| Additional information: | Copyright © 2017 Foundation for the Study of Independent Social Ideas, Inc. This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Social Sciences, Political Science, Social Issues, Government & Law, capitalism, financial crisis, economic growth, livind standards, inequality, climate change, environmental risk, public policy |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10040193 |
Archive Staff Only
 |
View Item |
