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The economic argument behind the Green New Deal

Economist Mariana Mazzucato explains how rethinking industrial policy could be key to tackling climate change.
by David Rotman

The Green New Deal proposed by Representative Alexandria Ocasio-Cortez and other progressives has dramatically changed the US debate on climate change. It calls for decisive and deliberate public investments to tackle climate change and other social challenges, particularly inequality.

This kind of directed investment is known as “industrial policy,” and it has long been controversial among economists.

Read more on technologyreview.com.

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