Economics - Innovation - Inclusive Growth

Welcome, I’m a Professor in the Economics of Innovation at SPRU, 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 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 high risk, bold investments that led to technological revolutions were sparked by public sector institutions. It offers a new way of thinking about political economy in the 21st century. My new book, Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, co-edited with Michael Jacobs, is out now.

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

High cost of new drugs

High cost of new drugs

Why government must negotiate a better deal for publicly funded research. Online, Henk Out Reply, Mazzucato Torreele Response more

BBC Radio 4 Today

BBC Radio 4 Today

Professor Mazzucato and Zanny Minton Beddoes, Editor of the Economist, discuss globalization in the wake of the UK’s EU referendum. Listen more

mariana's blog

Five Key Points for Italy’s Banking Woes

Five Key Points for Italy’s Banking Woes

There is serious concern about Italy’s banks and whether the bad debt they are carrying signals trouble for the Eurozone. In facing up to its troubled financial system Italy’s political leaders could also benefit from a moment of reflection on what the role of finance could, and should, be in a dynamic and functioning economic system. As finance is central to the capitalist system, the lessons for Italy’s financial system are broader than the role of its banks. I will concentrate on 5 key points.
First, money is not just a medium of exchange, replacing barter and then gold. Money lies at the centre of the economic system which is, as understood especially by the great economist Hyman Minsky more

Globo News Milenio

Report for Brazilian Government

Channel 4 News

UK economic growth

Newsnight, BBC 2

Economics of new UK Government

TVO Canada

Canadian Economy and Election

Financial Times

The Entrepreneurial State

CNN Money

Who made your iPhone?

PUBLICATIONS

POLICY IMPACT

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

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.

UN ECONOMIC COMMISSION

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

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.