Literature

Literature for the Graz Schumpeter Summer School:

Prof. Hagemann:

Coen Teulings, Richard Baldwin (eds.). Secular Stagnation: Facts, Causes and Cures London 2014: CEPR Press.

Gordon, Robert J. 2015. "Secular Stagnation: A Supply-Side View." American Economic Review, 105(5): 54-59.

Summers, Lawrence H. 2015. "Demand Side Secular Stagnation." American Economic Review, 105(5): 60-65.

Eichengreen, Barry. 2015. "Secular Stagnation: The Long View." American Economic Review, 105(5): 66-70.

Prof. Hein:

Lecture 1. Secular stagnation or stagnation policies? Steindl vs. Summers

Dutt, A.K. (2005): Steindl's theory of maturity and stagnation and its relevance today, in: Mott, T., Shapiro, N. (eds.), Rethinking Capitalism. Essays on the Economics of Josef Steindl, London, New York: Routledge.

Steindl, J. (1979): Stagnation theory and stagnation policy, Cambridge Journal of Economics, 3, 1-14, reprinted in: Steindl, J., Economic Papers, 1941-88, Basingstoke: Macmillan, 1990.

Steindl, J. (1989): From stagnation in the 30s to slow growth in the 70s, in: Berg, M. (ed.), Political Economy in the Twentieth Century, Oxford: Philip Allan, reprinted in: J. Steindl, Economic Papers, 1941-88, Basingstoke: Macmillan, 1990.

Summers, L.A. (2014): U.S. economic prospects: secular stagnation, hysteresis, and the zero lower bound, Business Economics, 49 (2): 65-73.

Lecture 2. Finance-dominated capitalism, stagnation and instability: A Kaleckian perspective

Hein, E. (2014): Distribution and Growth after Keynes: A Post-Keynesian Guide, Cheltenham: Edward Elgar, Chapter 10: Extending Kaleckian models IV: finance-dominated capitalism.

Prof. Kleinknecht:

Alfred Kleinknecht, Flore N. van Schaik and Haibo Zhou (2014): Is Flexible Labour Good for Innovation? Evidence from Firm-Level Data. Cambridge Journal of Economics, vol. 38, pp. 1207-1219.

Robert Vergeer and Alfred Kleinknecht (2014): Do labour market reforms reduce labour productivity growth? A panel data analysis of 20 OECD countries (1960-2004). International Labour Review, Vol. 153, No. 3, 365-393.

Prof. Mazzucato:

Mazzucato, M. (2013), The Entrepreneurial State: debunking private vs. public sector myths, Anthem Press: London, UK, ISBN 9780857282521, translated into Italian (Laterza), German (Kunstmann), Spanish, Portuguese (Companhia Das Letras), Chinese, Greek

Foreign Affairs: The Innovative State – issue Jan/Feb 2015
https://www.foreignaffairs.com/articles/americas/2014-12-15/innovative-state
This includes a summary of The Entrepreneurial State.

Mazzucato, M. (2014), “Think Piece: A Mission Oriented Approach to Building the Entrepreneurial State”, paper commissioned by Innovate UK-Technology Strategy Board November 2014T14/165 –
http://marianamazzucato.com/wp-content/uploads/2014/11/MAZZUCATO-INNOVATE-UK.pdf

Mazzucato, M. and Perez, C. (2014) “Innovation as Growth Policy: The challenge for Europe”, SPRU Working Paper Series, 2014-13,
https://www.sussex.ac.uk/webteam/gateway/file.php?name=2014-13-swps-mazzucato-perez.pdf&site=25

Mazzucato, M. and Penna, C. (2014) "Beyond market failures: The market creating and shaping roles of state investment banks”, SPRU Working Paper Series, 2014-21,
http://www.sussex.ac.uk/spru/documents/2014-21-swps-mazzucato-and-penna.pdf

Mazzucato, M. (2013), “Financing innovation: creative destruction vs. destructive creation,” in special issue of Industrial and Corporate Change, M. Mazzucato (ed.), 22(4): 851-867

Lazonick, W. and Mazzucato, M. (2013), “The risk-reward nexus in the innovation-inequality relationship: Who takes the risks? Who gets the rewards?,” in special issue of Industrial and Corporate Change, M. Mazzucato (ed.), 22(4):1093-1128