Contents // Notes on Contributors ix // 1. Rethinking Capitalism: An Introduction // MICHAEL JACOBS and MARIANA MAZZUCATO 1 // 2. The Failure of Austerity: Rethinking Fiscal Policy // STEPHANIE KELTON 28 // 3. Understanding Money and Macroeconomic Policy // L. RANDALL WRAY and YEVA NERSISYAN 47 // 4. The Costs of Short-termism // ANDREW G. HALDANE 66 // 5. Innovative Enterprise and the Theory of the Firm // WILLIAM LAZONICK 77 // 6. Innovation, the State and Patient Capital // MARIANA MAZZUCATO 98 // 7. Investment-led Growth: A Solution to the European Crisis // STEPHANY GRIFFITH-JONES and GIOVANNI COZZI 119 // 8. Inequality and Economic Growth // JOSEPH E. STIGLITZ 134 // 9. The Paradoxes of Privatisation and Public Service Outsourcing // COLIN CROUCH 156 // 10. Decarbonisation: Innovation and the Economics of Climate Change // DIMITRI ZENGHELIS 172 // 11. Capitalism, Technology and a Green Global Golden Age: The Role of History in Helping to Shape the Future // CARLOTA PEREZ 191 // Index 218 // vii