Philippe Aghion: The Market or the State? (1/6)

The video discusses the role of the state in economic growth, focusing on market flexibility, innovation, and fiscal policy. It argues against reducing the state's role, advocating instead for a redefined state that acts as an investor and insurer. The presentation highlights the importance of education, health, and targeted industrial policies, while also addressing macroeconomic risks and the need for countercyclical fiscal policies. The speaker emphasizes the need for a tax system that supports innovation and growth, suggesting that the state should adapt to new economic challenges.

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