Periods of Schumpetarian creative destruction are well captured by indicators of turbulence that highlight changes in inter-firm variety, such as the market share instability index and relative growth rates. Entry/exit rates do not always serve this purpose. The point is illustrated through the...

"Award-winning author and leading economist Mariana Mazzucato critically examines the current system of capitalism and argues for mission-oriented policies, emphasizing why we need to take big risks to achieve even bigger rewards for our health, society, and environment."

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...