Why the austerity agenda is bunk

Watch economist Mariana Mazzucato, author of The Entrepreneurial State: debunking private vs. public sector myths, explain in 140 seconds why governments that cut in bad economic times are wrong.

The University of Sussex professor, whose book was one of the Financial Times' 2013 books of the year, was in Ottawa over the weekend to deliver a keynote address at the Broadbent Institute's Progress Summit (clip courtesy of MediaStyle).

She rocked it:

Photo: 68751915@N05/. Used under a Creative Commons BY 2.0 licence.