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Chapter summary – “Scientific Grant Funding” in Innovation and Public Policy

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Azoulay, Pierre, and Danielle Li (eds), 'Scientific Grant Funding', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0005, accessed 13 Dec. 2023. Role of Grants in Research-Funding Ecosystem: Grants are essential in supporting exploratory research, particularly effective when the research is likely to have significant spillovers across domains and over time. They complement other funding mechanisms …

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Review summaries – Criticism of Mazzucato’s Mission Economy

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Storper, Michael, Ziegler, J Nicholas, Botelho, Antonio José Junqueira, and Ornston, Darius. “On Mariana Mazzucato’s Mission Economy: a Moonshot Guide to Changing Capitalism, London, Allen Lane, 2021.” Socio-Economic Review, Volume 20, Issue 3, July 2022, Pages 1501–1511. Published: 07 September 2022. DOI: 10.1093/ser/mwac042. Oxford University Press. Mismatch Between Moonshot Approach and Contemporary Problems: The book’s …

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Book summary – Mariana Mazzucato’s “Mission Economy: A Moonshot Guide to Changing Capitalism”

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Mazzucato, Mariana. Mission Economy : A Moonshot Guide to Changing Capitalism. London: Penguin Books, 2022. Print. Necessity of Transformative Change in Political Economy: The Covid-19 crisis revealed that governments could mobilize resources significantly when needed, challenging previous austerity measures. This situation underlines the need for a visionary transformation of the political economy, akin to the ambition …

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Report summary: Grattan Institute on Hydrogen in Australia

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Grattan Institute. (2023). Hydrogen: Hype, Hope, or Hard Work?. [PDF file]. Retrieved from https://grattan.edu.au/wp-content/uploads/2023/12/Hydrogen-hype-hope-or-hard-work-Grattan-Institute.pdf Hydrogen's Potential in Decarbonization and Renewable Energy Dependency: High energy content with potential for zero emissions. Reliance on renewable sources like solar and wind is crucial. Fluctuations in renewable energy supply can impact production rates and costs. Key to achieving truly …

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The Economist: Britain’s mental-health crisis is a tale of unintended consequences

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"Britain’s mental-health crisis is a tale of unintended consequences: Rising awareness appears to be hurting the people with the most serious conditions" in The Economist, 8 Dec 2023, accessed: 10 Dec 2023 Public Perception: A 2019 survey found over three-quarters of Britons view mental illness as an illness like any other, the highest rate among …

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Chapter summary – “Innovation and Human Capital Policy” by Reenan in Innovation and Public Policy

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Reenen, John Van (ed.), 'Innovation and Human Capital Policy', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0003, accessed 8 Dec. 2023. Productivity Growth Slowdown: Since the 1970s, U.S. productivity growth has slowed, with GDP growth declining from 4% in the postwar years to under 2% since 2000. Real wage growth has also slowed, particularly for …

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Chapter summary – Ch. 1 “A Calculation of Social Returns to Innovation” in Innovation and Public Policy

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Jones, Benjamin F., and Lawrence H. Summers (eds), 'A Calculation of the Social Returns to Innovation', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0002, accessed 8 Dec. 2023. General Introduction to Social Returns to Innovation: The introduction highlights the significant rise in living standards in advanced economies over the last two centuries, with U.S. income …

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