Mission-Oriented Finance for Innovation : New Ideas for Investment-Led Growth.
- 1st ed.
- 1 online resource (175 pages)
Intro -- Contents -- Acknowledgements -- About the Contributors -- Introduction -- Part I: How Economists Got It Wrong - An Alternative Diagnosis -- Fast Finance and Slow Growth -- The Social Value of Finance: Problems and Solutions -- How Maximising Shareholder Value Stops Innovation -- Dispelling Myths about Government Deficits -- Part II: What Governments Need to Do to Create Real Long-Term Growth -- Steering Economies Towards the Next Golden Age -- Why We Need Public Endowments​ for Transformative Research -- Six Decades of Mission-Oriented Finance for Industrialisation, Technical Change and Innovation in Brazil -- Challenges and Opportunities for a Knowledge-Based UK Economy -- Why a Fundamental Shift in Innovation Policy Is Needed -- Part III: Learning from Success and Failure -- Development, Uncertainty and the Role of State Investment Banks -- Financing Energy Innovation: The Case of ARPA-E -- The Rise of the State Investment Banks -- The European Investment Bank: Supporting Innovation in Europe -- The State as Venture Capitalist: The Case of the Danish Growth Fund -- Financing Innovation: Lessons from Innovate UK -- Conclusion.
This book captures what is missing from the current limited, deficit-cutting discourse of the campaigns: asking politicians instead to think boldly about the kind of investment needed to deliver future growth.