Rethinking Capitalism - with Mariana Mazzucato and Michael Jacobs
Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. Today's deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. But what are the alternatives?
ABOUT THE EVENT
Join Professor Mariana Mazzucato and Michael Jacobs in a discussion about whether there are other economic approaches which can better explain how capitalism works, why it often doesn't and how it can be made more innovative, inclusive and sustainable.
The event marks the launch of their new book, Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, and is co-hosted by the Schools of Business, Management and Economics (BMEc) and Global Studies, and the Institute of Development Studies (IDS). Speakers include Mariana Mazzucato, Michael Jacobs, Steve McGuire (Head of School, BMEc), Andrea Cornwall (Head of School, Global Studies) and Melissa Leach (Director, IDS), Carlota Perez and Stephany Griffith-Jones, followed by a Q&A.
It will be held at the University of Sussex (Falmer) in the Jubilee large lecture theatre.
ABOUT THE BOOK
Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, is published by Wiley Blackwell (2016). The book is a collection of chapters by a number of prominent economists on the challenges facing developed economies and the limitations of orthodox economics in understanding them and guiding policy; each collectively offers a powerful challenge to mainstream economic debate, and new ideas to transform it.
The book's contributors are: Nobel Laureate Joseph Stiglitz; the Bank of England’s Chief Economist Andy Haldane; Bernie Sanders' key adviser Stephanie Kelton; Colin Crouch; Carlota Perez; Stephany Griffith-Jones and Giovanni Cozzi; L. Randall Wray and Yeva Nersisyan; William Lazonick; Dimitri Zenghelis. Its introduction is available as a free PDF download. It has received excellent reviews from Gillian Tett (Financial Times), Nick Stern, Jamie Galbraith and Will Hutton.
Read Mazzucato and Jacobs' recent Guardian article about the book.
Order Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth on the Wiley Blackwell website, using the discount code on this flyer.
How would YOU rethink capitalism?
To win 1 of 5 signed copies of Rethinking Capitalism, submit up to 300 words outlining your own radical definition of 'rethinking capitalism' by email to: email@example.com. Use email subject: "Rethinking Capitalism competition" and please include your name, course and level of study (undergraduate/postgraduate etc).
Entrants must be current students at the University of Sussex or the Institute of Development Studies. Closing date for entries is 7th October 2016. Winners to be announced at the event on 12th October 2016. One or more winning entries may be published on University of Sussex or IDS webpages - we will notify you if we'd like to distribute your entry in this way.