A Quote by Michael Spence

Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological innovation, and spurring private-sector investment by increasing returns.

Michael Spence

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Aggregate Boost Capital Demand Economic Encouraging Generating Growth Human Improving Increasing Innovation Investment Much Performance Private Productivity Properly Public Quickly Returns Sector Targeted Technological

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Michael Spence
American - Economist
Born: November 7, 1943

In economies with excess productive capacity, targeted investment can yield a double benefit, generating short-run demand and boosting growth and productivity thereafter.

Michael Spence

Policies to strengthen education and training, to encourage entrepreneurship and innovation, and to promote capital investment, both public and private, could all potentially be of great benefit in improving future living standards in our nation.

Janet Yellen

Strong economic growth, and especially a significant increase in private sector investment, is the only sustainable path forward for Rwanda.

Paul Kagame

All of the barriers to innovation in the energy sector are arguments for a big commitment to public investment. Only the public sector can make the kind of long-term, common investments that we need to overcome those barriers to innovation.

Ted Nordhaus

Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.

William E. Simon

Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and the private sector in the things that drive productivity, and which affect its distribution.

Mariana Mazzucato

The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the economy is quite modest. QE probably limited the initial collapse of the economy in 2008, and likely had a very small positive impact on economic growth, but its broader impact on jobs and growth in the economy seems not very big.

Gerald Epstein

People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.

James M. Buchanan

Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital.

Lars Feld

A tax on capital is self-defeating, in that it slows down capital accumulation, investment and economic growth.

Maxime Bernier

Infrastructure investment can boost economic growth and employment, and, in fact, it is fiscally neutral.

Lou Jiwei

America's growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesn't seem to have anything to do with America's growth rate is a brutal work schedule.

Fareed Zakaria

There has almost never been a period of substantial economic growth in the United States without significant investment. And no investment pays off within the same cycle. No investment pays off within the same year - especially a governmental investment. Even businesses don't work that way.

Alexandria Ocasio-Cortez

Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.

Oren Etzioni

During my time as a state legislator, I've pushed for significant investment in public school districts. In Congress, I would look forward to increasing federal public investment in education through initiatives like Race to the Top.

Hakeem Jeffries

I think we should, as the public sector or politicians, stop creating an illusion that it is the public sector that drives growth and jobs. It is not. It is the private sector that does it. There is no growth without entrepreneurship.

Alexander Stubb

A Quote by Michael Spence

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