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In the same paper Mazzucato and Semieniuk suggest that there are weaknesses in the traditional theoretical framework in macroeconomics when it looks at the public

In the same paper Mazzucato and Semieniuk suggest that there are weaknesses in the traditional theoretical framework in macroeconomics when it looks at the public financing of innovation. Such a framework should: " --- emphasize the influence that public institutions take on the course of transformative innovation and their risky active involvement in financing of that innovation along the innovation chain." Critically evaluate the above statement.

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