Fiscal Machines

Innovation, Investment, and the Internet

May 11, 2015


This seminar will explore the relationship between public investment, technological innovation and twenty-first century internet infrastructure. Questions to be addressed include:

How do the government’s investment goals and constraints differ from those of market actors?

What is the appropriate role for federal, public investment in technological innovation?

What should a twenty-first century public internet infrastructure look like, and what will it take to develop it?


Mariana Mazzucato
RM Phillips Professor in the Economics of Innovation
University of Sussex
Saule Omarova
Professor of Law
Cornell Law School
Ashley Stelfox
Baller Herbst Stokes & Lide, PC
Stephanie Kelton
Professor of Economics
University of Missouri-Kansas City

Core Resources

Building A Mission-Oriented Entrepreneurial State

Mazzucato, Mariana Building a Mission-Oriented Entrepreneurial State. Levy Economics Institute, 2011.

Stephanie Kelton On Getting Past Our Oversimplified Understanding Of Money

Corbin, Mary K., and Stephanie Kelton. “Stephanie Kelton on Getting Past Our Oversimplified Understanding of Money.” Journal of Financial Planning (2012).


Toward “Deep” Financial Reform: The U.S. As A Developmental Finance State

Omarova, Saule, and Robert Hockett Toward “Deep” Financial Reform: The U.S. as a Developmental Finance State. Columbia Law School Blue Sky Blog, 2015.

Smart Cities: It’s More Than Broadband

Eger, John M. Smart Cities: It’s More Than Broadband. Huffington Post, 2015.