Economics - Innovation - Inclusive Growth

Welcome, I’m a Professor in the Economics of Innovation at the Science Policy Research Unit (SPRU) of the University of Sussex. My work is focused on the economics of innovation; finance and economic growth; and the role of the State in modern capitalism.

I advise policy makers around the world on how to achieve economic growth that is both 'smart' - innovation led - and also more inclusive.

My recent book, The Entrepreneurial State: debunking public vs. private sector myths, challenges the image of the lethargic, regulating state versus the dynamic business sector—using historical examples to show how some of the most high risk and courageous investments that led to revolutions in IT, biotechnology and nanotechnology, were sparked by public sector institutions. It offers a new way of thinking about political economy in the 21st century.

My research is currently funded by the Ford Foundation, the European Commission and the Institute for New Economic Thinking.

entrepreneurial state

Financial Times Review

Financial Times Review

“This book has a controversial thesis. But it is basically right. The failure to recognise the role of the government in driving innovation may well be the greatest threat to rising prosperity.”  Martin Wolf    PDF

The Economist Review

The Economist Review

The book ‘points out the big role governments play in creating innovative businesses’

featured news

Start-up myths and obsessions

Start-up myths and obsessions

As guest writer for the Economist’s Schumpeter blog, Mazzucato tackles the hype around entrepreneurship and startups. more

mariana's blog



The debate about the relative roles of the state and the market in capitalist economies tends to swing from side to side in the hearts and minds of public opinion: periods when the state is defended for its role in economic development are always superseded by an attack on its intervention into ‘well functioning’ markets. It has been like this throughout the twentieth century. And it is what has happened since the most recent global financial crisis and economic recession: a brief period right after its outbreak, when there was consensus that the state had a key role to play in both saving the banks and using fiscal policy to promote growth, was quickly apprehended more

Globo News Milenio

Report for Brazilian Government

Channel 4 News

UK economic growth

Newsnight, BBC 2

UK Budget 2016

TVO Canada

Canadian Economy and Election

Financial Times

The Entrepreneurial State

CNN Money

Who made your iPhone?



Paper for UK Government

Paper for UK Government

A Mission-Oriented Approach to Building the Entrepreneurial State, Professor Mazzucato’s paper for the UK Government’s Innovate UK. more

US Senate Forum

US Senate Forum

Professor Mazzucato gave evidence to a US Senate Forum of the Middle Class Prosperity Project. more

US Senate Committee

US Senate Committee

The Entrepreneurial State: debunking public vs. private sector myths was discussed in a Senate Appropriations Committee hearing. more

mission-oriented finance

Mazzucato's Mission-Oriented Finance for Innovation (MOFI) project is focused on the role of the state in driving innovation-led, sustainable, inclusive growth. It was launched in 2014 with a three-day conference, opened in the UK Parliament by the Rt Hon Vince Cable, then UK Business Secretary. A pamphlet, Mission-Oriented Finance for Innovation: New ideas for investment-led growth, is published with Policy Network.

Financing Renewable Energy Workshop

Financing renewable energy requires the willingness of different financial actors to change the status quo in the energy sector. Mazzucato's new workshop, Financing Innovation in Renewable Energy, (London, 11 February 2016) with Bloomberg New Energy Finance gathers researchers and data collectors to shed light on the different types of financial actors driving the emergence of renewable energy across the globe.


26 May 2016


Keynote to UN Economic Commission for Latin America & the Caribbean with Executive Secretary Alicia Bárcena and Mexican Finance Minister, Luis Videgaray Caso.


Argentinian Ministry for Science

22 April 2016


Keynote with responses from Lina Barañao, Minister of Science, Technology & Innovation & Francisco Cabrera, Minister of Production.


Raúl Prebisch Lecture

19 April 2016


Professor Mazzucato's lecture at the UN Economic Commission for Latin America & the Caribbean, following Joseph Stiglitz and Dani Rodrik.


European Investment Bank

8 March 2016


Professor Mazzucato's talk to the European Investment Bank on The Entrepreneurial State and public investment banks.


Labour New Economics Lecture

27 January 2016


Professor Mazzucato's inaugural lecture for UK Labour’s New Economics series. Economic Policy: from market fixing to market shaping.


TED Global

June 2013


Government: investor – risk taker – innovator. Professor Mazzucato’s TED Global has been viewed more than 700,000 times.


green growth

Toward a Green New Deal

Toward a Green New Deal

Article for Project Syndicate on how public and private sectors must forge a A New Green Deal more

inclusive growth

EU Horizon 2020 Grant

EU Horizon 2020 Grant

Professor Mazzucato’s new EU funded project on Innovation-led, Sustainable and Inclusive Growth (ISIGrowth).

patient finance

upcoming and recent talks

Sitra Forum

Sitra Forum

Helsinki, Finland – Keynote on ‘The entrepreneurial state – a new framework for innovation policy’ organised by Innovation Fund Sitra, Kalevi Sorsa and Tekes. Event website.

EU-SPRI Conference

EU-SPRI Conference

Lund, Sweden – Keynote address to EU-SPRI Conference, ‘Exploring New Avenues for Innovation and Research Policies’ organised by Lund University. Event website.