Order Description

1(a) “— the market failure framework is limited in its ability to justify the depth and breadth of public activity”.
(“Public financing of innovation: new questions”, Mariana Mazzucato and Gregor Semieniuk)
Use both prescribed research papers by Mazzucato (and other readings) to critically evaluate the above statement.
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1(b) In the research paper:
“The demise of US economic growth: Restatement, rebuttal and reflections”
Robert Gordon puts forward a case for slower future growth in the US based on certain “headwinds”. Take two of these headwinds and critically evaluate their likely effects on future growth.

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