The public sector is often seen as sclerotic and conservative in contrast with a dynamic and innovative private sector. This assumption lies at the basis of much of the outsourcing of public services to the private sector. In this interview and in her new book, Institute for New Economic Thinking grantee Mariana Mazzucato argues against this assessment and in favour of state-led innovation and economic growth. She maintains that the public sector usually bears the highest risks of funding innovation without then reaping the rewards. Read more
Watch the Institute for New Economic Thinking's Marshall Auerback talking on Fox Business News about what in the U.S. economy you should really be focused on.
The Austrian Institute for Economic Research in collaboration with several other major European research centers has just released two policy briefs on a new growth strategy for Europe. Both are of interest to anyone concerned with the European crisis. Links to the English language versions are available below. The first paper is concerned with general strategies for reviving Europe as a unit. It outlines the road taken by European leaders against the backdrop of possible alternatives. The second paper deals with the problems of the peripheral countries, mostly in southern Europe that are now deep in recession. Read more
Dr. Vamsi Vakulabharanam, an associate professor of economics at the University of Hyderabad and a grantee of the Institute for New Economic Thinking, has won the prestigious Amartya Sen Award, a newly instituted honor given by the Indian Council for Social Sciences Research (ICSSR). In recognition of his distinguished work, Dr. Vamsi will receive a citation, a plaque, and a cash award of Rs 10 lakhs. Read more
Harvard Professor Michael Sandel 
Institute for New Economic Thinking President 
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