In an excerpt from her new book, Mariana Mazzucato challenges society’s conception of value, and warns of capitalism undermining itself.
Mariana Mazzucato, renowned economist and author of the new book “The Value of Everything,” advises companies and governments on the benefits of state-led investment in innovation, and how to reward value creation over value extraction.
The Trump administration and congressional Republicans are staking everything on what they say will be the greatest tax reform agenda in three decades. The president has pitched massive tax cuts, time and again, as a way to help boost jobs and wages for working Americans. Mihir Desai, Mizuho Financial Group Professor of Finance at Harvard Business School, co-authored a paper touted by the White House as supporting the notion that cutting the top corporate tax rate from 35% to 20% will raise household incomes by as much as $9,000 annually. There is one dissenting voice, however: Professor Desai himself…
Year after year, Congress fails to reach consensus on important issues, the electorate screams for change, and voters become more polarized along the lines of party and ideology. These struggles aren’t causes of America’s political malaise, says Michael E. Porter, co-chair of the U.S. Competitiveness Project at Harvard Business School; they’re symptoms of a much larger problem…
Can you kick-start the economic growth of an entire region? It depends. How many billions do you have to throw around? Daniel Isenberg, entrepreneur and professor of entrepreneurship practice, has a better way. His method partners with stakeholders to help create growth innovation at a small fraction of the region’s businesses, which then drive growth in the entire area. More than theory, he’s worked scaling up success stories with major cities in the USA, Latin America and Northern Europe.
Even as the “gig economy” encompasses 94% of new jobs in the U.S., tax policy has lagged behind the reality of a full third of American workers. Sara Horowitz, a social entrepreneur and expert on the freelance economy, penned an op-ed for the Los Angeles Times that lays out the issues with freelance work in a system built around an industrial-era labor force.
In 2016, the number of global refugees and displaced people hit an all-time high. European countries are struggling to absorb people displaced by conflicts across Africa and the Middle East as record numbers of people flee violence in Central America. The international systems in place for helping and coping with refugees are almost uniformly broken. They handicap both host countries and the displaced, leading to negative outcomes for all. But Alexander Betts, who heads Oxford University’s Refugee Studies Centre, has real solutions for host countries. His new book, “Refuge: Transforming a Broken Refugee System,” presents the key factor: work.
Amy Webb, futurist and bestselling author, is concerned. The recent comments by Treasury Secretary Steve Mnuchin about the effect of artificial intelligence and automation on the job market (“…not even on my radar screen… 50-100 more years.”) indicate to her that the administration is not up to speed on the latest developments in the field. In response, Webb looks at the state of artificial intelligence and its potential to replace human jobs in a Los Angeles Times op-ed.
With the Republicans in control of the presidency, Congress, and, soon the Supreme Court, the passage of their policy agenda might seem to be a foregone conclusion. Is there any way for the Democrats to resist, or even turn the tables on the newly dominant GOP? Gautam Mukunda thinks so.
Around the world, trust in our institutions is collapsing. More than a trend, this is a profound shift changing politics, business and social norms. Trust once reserved for respected institutions and brands, we now bestow on complete strangers through digital platforms such as Airbnb and Uber. The shift isn’t just about the failure of institutions; technology is rewriting the rules of trust.
More than one million refugees arrived in Europe last year. Alexander Betts, an Oxford University professor and foremost expert on immigration and refugees, thinks that the West has some room for improvement in its reception, and perception, of those million people.
Julia Freeland Fisher, education expert and director of education research at the Clayton Christensen Institute, believes the current direction of education reform rhetoric is misplaced.
What’s behind the sluggishness of the current U.S. recovery? Our country’s “political paralysis,” says leading economist and competitiveness authority Michael E. Porter – and it’s affecting the growth of your…