Mariana Mazzucato | Rediscovering public wealth creation
Public value does not mean simply redistributing existing wealth or correcting issues affecting public goods. Instead, it means co-creating value in different spaces, says Mariana Mazzucato
At the cusp of the new year, a decades-old debate among economists is heating up again: Does austerity help or hurt economic growth? Broadly speaking, the debaters fall into two camps: conservatives who call for limited public spending, and thus a smaller state; and progressives who argue for greater investment in public goods and services such as infrastructure, education, and health care.