Mariana Mazzucato

Involvement

Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She is winner of international prizes including the 2020 John Von Neumann Award, the 2019 All European Academies Madame de Staël Prize for Cultural Values, and 2018 Leontief Prize for Advancing the Frontiers of Economic Thought.

She was named as one of the 3 most important thinkers about innovation’ by the New Republic, one of the 50 most creative people in business in 2020 by Fast Company, and one of the 25 leaders shaping the future of capitalism by Wired.

Her highly-acclaimed book The Entrepreneurial State: debunking public vs. private sector myths (2013) investigates the critical role the state plays in driving growth—and her book The Value of Everything: making and taking in the global economy (2018) looks at how value creation needs to be rewarded over value extraction.

She advises policy makers around the world on innovation-led inclusive and sustainable growth. Her current roles include being a member of the Scottish Government’s Council of Economic Advisors; the South African President’s Economic Advisory Council; the OECD Secretary General’s Advisory Group on a New Growth Narrative; the UN’s Committee for Development Policy (CDP).

Through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation, she authored the high impact report on Mission-Oriented Research & Innovation in the European Union, turning “missions” into a crucial new instrument in the European Commission’s Horizon innovation program.

By this expert

Wealth Creation and the Entrepreneurial State

Paper Conference paper | | Oct 2017

Building symbiotic public-private partnerships

Why Economic Recovery Requires Rethinking Capitalism

Article | Nov 15, 2016

Mission-oriented public investment is vital to spur a revival of private-sector investment

Mission-Oriented Finance for Innovation: new ideas for investment-led growth

Article | Mar 19, 2015

“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” John M. Keynes, The End of Laissez Faire, 1926 (p. 44)

Beyond Market Failures The Market Creating and Shaping Roles of State Investment Banks

Paper Working Paper Series | | Jan 2015

Recent work has highlighted the need for innovation investments to be understood through a mission oriented approach rather than a market failure one (Foray et al. 2012). However, this work has only focused on state agencies, such as DARPA, overlooking the role of public financial institutions such as state investment banks.

Featuring this expert

YSI 2020 Plenary: New Economic Questions

Young Scholars Initiative Virtual Plenary

YSI Event Plenary YSI | Nov 6–15, 2020

What are the 100 most pertinent economic questions facing our global societ?

The Government as an Entrepreneur

Video | Mar 7, 2018

Mariana Mazzucato argues that the idea that entrepreneurship is confined to the private sector is wrong.

The Edinburgh Reporter: Call for green investment to transform Scotland’s economy

News Oct 23, 2017

INET Chairman Adair Turner and Grantee Mariana Mazzucato comment on the Friends of the Earth Scotland event and a green economic transition.

Reawakening

From the Origins of Economic Ideas to the Challenges of Our Time

Event Plenary | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.