From the conquest of the space to internet, with their huge fallout, the role of the State for the progress of science and technologies was crucial; yet the opponents strenuously dispute and deny its role.
La difesa del ruolo dello stato nella poltica industriale nell'ultimo libro di Mariana Mazzucato e la nefasta ideologia della privatizzaizone in Italia.
*Paper written for presentation at the “International Conference on Management and Economic Policy for Development”, Kozminski University, Warsaw, 10-11 October 2013.
In the last three years the IMF has revised upwards the size of fiscal multipliers. This has devastating implications: if the fiscal multiplier is greater than the inverse of the Public Debt/GDP ratio, fiscal consolidation necessarily raises instead of lowering the Public Debt/GDP ratio with respect to what it would have been without consolidation. This appears to be the case for all or nearly all of advanced countries.