Economics - Innovation - Inclusive Growth

Welcome, I’m a Professor in the Economics of Innovation at SPRU, University of Sussex. From March 1st, 2017 I will be joining University College London (UCL) to found and direct a new Institute for Innovation and Public Purpose. My work is focused on the economics of innovation; finance and economic growth; and the role of the State in modern capitalism.

I have advised policy makers around the world on how to achieve economic growth that is 'smart' and inclusive. My research is currently funded by two large grants from the European Commission’s Horizon 2020 programme: ISIGrowth on innovation policy and Dolfins on financial reform. My 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 public sector investments sparked technological revolutions. It offers a new way of thinking about political economy in the 21st century. My latest book is Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, co-edited with Michael Jacobs.

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

BBC Radio 4 Today

BBC Radio 4 Today

Discussing new UK Government industrial strategy with CBI Director Carolyn Fairburn.

mariana's blog

The Brexit-Trump Syndrome: it’s the economics, stupid

The Brexit-Trump Syndrome: it’s the economics, stupid

The election of Donald Trump, and the Brexit vote in the UK, have both been widely interpreted as a revolt of the economically ‘left behind’: a protest by working class voters at the impact of globalisation on their jobs and living standards. In neither case is this the whole explanation: in both the UK and US, plenty of people on higher incomes and in wealthy areas voted for the insurgent movement. But there can be little doubt that in Michigan and Merthr Tydfil, South Carolina and Sunderland, the disaffection of people on below-average incomes drove the outcome.

The Banker

January 23, 2017

China under Trump: The green innovation race


November 28, 2016

Executive Pay

Question Time, BBC

November 24, 2016

UK Government Autumn Budget & Brexit


November 21, 2016

UK Government's Industrial Strategy


August 18, 2016

'Rethinking Capitalism': from Austerity to Green Policy


April 5, 2016

Report for Brazilian Government

TVO Canada

September 29, 2015

Canadian Economy and Election


September 6, 2013

The Entrepreneurial State


October 24, 2013

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. (PDF)… more

US Senate Forum

US Senate Forum

Professor Mazzucato gave evidence to a US Senate Forum of the Middle Class Prosperity Project.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 recent workshop, Financing Innovation in Renewable Energy, (London, 11 February 2016) with Bloomberg New Energy Finance gathered researchers and data collectors to shed light on the different types of financial actors driving the emergence of renewable energy across the globe.

SPD Business Conference

28 September 2016


Professor Mazzucato's Keynote to German SPD Business Conference with Economic and Energy Minister Sigmar Gabriel.



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.


TED Global

June 2013


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


green growth

Financing Renewable Energy Workshop

Financing Renewable Energy Workshop

London, United Kingdom - workshop on the different types of financial actors driving the emergence of renewable energy across the globe

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

Nordic Investment Bank

Nordic Investment Bank

Copenhagen, Denmark - Keynote on 'Innovation Policy as Market Shaping and Creating' at the NIB Financing the Future seminar, with Finnish Prime Minister Juha Sipilä.
European Investment Bank

European Investment Bank

Mazzucato was invited to present & discuss her work on 'The Entrepreneurial State and the role of public investment banks'

upcoming and recent talks



London, UK - Debate with Jeffrey Sachs and Carlota Perez on 'Tackling Global Challenges through Mission Oriented Innovation' at the RSA.
University of Edinburgh

University of Edinburgh

Edinburgh, UK – Keynote on 'Smart and Inclusive Growth: a new narrative on wealth creation' at the University of Edinburgh’s Social Policy Seminar Series.
University of Cambridge

University of Cambridge

Cambridge, UK – Keynote on 'Smart and Inclusive Growth: a new narrative on wealth creation' at the Cambridge Public Policy Annual Lecture.
London School of Economics

London School of Economics

London, UK - Ralph Miliband Programme Lecture by Mariana Mazzucato and Michael Jacobs, chaired by Dr Robin Archer.