tag:blogger.com,1999:blog-6245381193993153721.post658339337696520920..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: The US Government and Technological InnovationLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6245381193993153721.post-41812875864081114152013-11-04T12:31:15.650-08:002013-11-04T12:31:15.650-08:00Basic Research is one thing…
Picking winners and ...Basic Research is one thing…<br /><br />Picking winners and losers, and the government entering into collaboration with private firms is entirely different. Its essentially neo-mercantilism or corporatism (both of which have various problems- such as soft budgets which encourage waste, and having a source of funding that can never go broke- which also encourages waste) which presumably you agree with and I don't.<br /><br />Government should fund research that has a long far distant payoff, which the private sector has little incentive to invest in. But as those technologies ARE created, it makes little sense to continue government support. For example, the U.S. government should not partner with Apple to make iPhones or Google for search.Edwardnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-62340429743214832532013-11-04T11:45:06.622-08:002013-11-04T11:45:06.622-08:00She is a Post-Keynesian in her macroeconomics. She...She is a Post-Keynesian in her macroeconomics. She's working with the Levy Institute at the moment. That last video you posted of Wray is done by her and her husband.<br /><br />http://neweconomicperspectives.org/2013/10/marianna-mazzucatos-rethinking-state-video-project.html<br /><br />Also, Dan Kervick did a nice article on her work.<br /><br />http://neweconomicperspectives.org/2013/10/seen-next-big-thing-mariana-mazzucato.htmlPhilip Pilkingtonhttp://fixingtheeconomists.wordpress.com/noreply@blogger.com