Mazzucato, Mariana; Wray, L. Randall - Laboratory of Economics and Management (LEM), Scuola … - 2015
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 … the United States. To a large degree, this was because finance, instead of financing the capital development of the …