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The Risk-Reward Nexus
Author: William Lazonick & Mariana Mazzucato
Date:26 November 2012
This paper offers a new perspective on why 'smart' innovation-led growth has not led to 'inclusive growth'. It argues that there is a disproportionate balance between the 'collective' distribution of risk taking in the innovation process (e.g. 'open innovation'), and the increasingly narrow distribution of the rewards.
The New Wave of Mutuality
Author: Robin Murray
Date:15 June 2012
In this new Policy Network paper Robin Murray shows how co-operative societies can help overcome the environmental, social, and economic problems that neither the private market nor the state have been able to find adequately answers.

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