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Progressive Politics after the Crash
Author: Olaf Cramme, Patrick Diamond and Michael McTernan
Date:02 September 2013
Those who hoped the collapse of financial markets would usher in the end of neoliberalism and rehabilitate support for traditional social democratic policy programmes have been disappointed. It is not only the irrationality of markets which is the focus of public discontent, but the inefficiency of states and the inability of elected governments to humanise and control global market capitalism.
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.
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