Question
With reference to each of the three key features emphasized by Mazzucato and Semieniuk (see the first paragraph of the conclusion if you are unsure
With reference to each of the "three key features" emphasized by Mazzucato and Semieniuk (see the first paragraph of the conclusion if you are unsure what this refers to), explain how their account differs from the conventional neoclassical "market failure"/ "market fixing explanation (boththe neoliberal versionandthat of Baker et al) for the public financing of innovation.
This is also a thread to discuss anything you found especially interesting or unclear in Mazzucato
Maria Mazzucato and Gregor Semieniuk (2017) "Public financing of innovation: new questions"Oxford Review of Economic Policy, 33(1) 24-48
D. Baker, A. Jaydev and J Stiglitz (2017)"Innovation, intellectual property and Development: a better set of approaches for the 21stcentury"ch 2
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