How Public Financing Advances Innovation, With Richard Lipsey

Throughout modern history, public financing has made possible
some of the most important and impactful innovations society has
enjoyed—from refrigeration to the Internet—and the spillover
benefits have been incalculable. But what are the optimal ways
for the public sector to intervene in the innovation process to
maximize those benefits and solve big problems? Rob and Jackie
explore these questions and the implications for science and
industrial policy with Dr. Richard Lipsey, emeritus professor of
economics at Simon Fraser University.


Mentioned:


Richard G. Lipsey and Kenneth I. Carlaw, “Industrial
Policies: Common Not Rare,” Discussion Papers dp20-11, 2020,
Department of Economics, Simon Fraser University.