Occupation: Author Birth: June 16, 1968
Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want..
Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship betwe….
There is a lot of flesh to be put on the bones - but there is at least an opening for a more pragmatic, less ideological debate about how to build ec….
Unfortunately, simplistic framing of problems leads to simplistic answers..
Government support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage fi….
We should be investing where the public returns are greatest - that is in innovation..
While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investment….
Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and the private sector….
If we look at Germany's infrastructure policy, it has been driven by its mission-oriented focus on green infrastructure. This affects both innovation….
Shareholder value theory - the destructive idea that companies should be run solely for the benefit of shareholders - has led to financialized busine….
Green is not just about renewable energy. It's also about creating a new direction for the whole economy. This requires government to step up, not st….
If we look at the complexity of the challenges facing western societies today, we see that the problems are not really about outsiders, but have thei….
As a businessman, Donald Trump has been associated with some of the worst excesses of a particular style of value-extracting and asset stripping capi….
Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism ….
Most venture capital funds are too short-termist and exit-driven to deal with the highly uncertain and lengthy innovation process..
Once we admit that the public sector takes an immense amount of risk along the entire innovation chain, it becomes crucial to find ways to share both….
People work hard and companies make big profits, but employees don't see that they share in the wealth they help to create..
If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Y….
It would be a mistake to overstate the similarities between the Brexit vote and Trump's win - but there are common themes, not least in the rallying ….
It's important that public funds be spent in research directions that are pushing market frontiers rather than working in existing areas. This means ….
What is needed is both a New Deal in terms of mission-oriented investments but also a new deal in terms of a modern social compact - one that allows ….