Economics - Innovation - Inclusive Growth - Public Purpose

  • EC Commissioner for Research Carlos Moedas
    appreciating Rethinking Capitalism

  • “One of the three most important thinkers about innovation”
    The New Republic

  • Interview on CNN GPS with Fareed Zakaria

  • "One of the most incisive economic books in years"
    Jeff Madrick, New York Review of Books
    New US edition out now

  • New book - Rethinking Capitalism: Economics
    and Policy for Sustainable and Inclusive Growth

  • “I have been greatly encouraged by the work of Mariana Mazzucato” - Rt Hon Vince Cable, former UK Business Secretary

  • “She… has helped to persuade me to shift our approach in the UK” - David Willetts, Former UK Science Minister
    Watch the University of Sussex impact film

  • Winner of the New Statesman SPERI Prize in
    Political Economy - watch the lecture

  • “The failure to recognise the role of the Government in driving innovation may well be the greatest threat to rising prosperity” - Martin Wolf, the Financial Times

  • “Mazzucato... intellectually eviscerated a guileless American venture capitalist… brandishing a mass of data, sharply honed arguments – and a lot of attitude”
    Interview with FT Deputy Editor John Thornhill

  • Briefing & presentation to the OECD on The Entrepreneurial State, with Secretary General Angel Gurria

  • CNN Money interview: Thank
    the government for your iPhone

  • Book talks through London Speaker Bureau

  • "Mazzucato has stormed the global economic debate"
    Alicia Bárcena, Executive Secretary, United Nations Economic Commission for Latin America & the Caribbean

  • Winner of Hans-Matthöfer-Preis for Das Kapital des Staates

  • Watch Mazzucato’s US Senate testimony

Welcome, I’m a Professor in the Economics of Innovation and Public Value and Director of the Institute for Innovation and Public Purpose at University College London (UCL). 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 the UK election, tax & investment-led growth with Baroness Patience Wheatcroft.

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.

Featured TV

The Banker

China under Trump: The green innovation race


‘Rethinking Capitalism’: from Austerity to Green Policy

TVO Canada

Canadian Economy and Election

CNN Money

Who made your iPhone?


Policy Impact

US Senate Forum

US Senate Forum

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

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

Mission-Oriented Innovation Policy

Featured Talks


Debate with Jeffrey Sachs and Carlota Perez on ‘Tackling Global Challenges through Mission Oriented Innovation’ at the RSA.

University of Cambridge

Keynote on ‘Smart and Inclusive Growth: a new narrative on wealth creation’ at the Cambridge Public Policy Annual Lecture.

SPD Business Conference

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

UN Economic Commission

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

Raúl Prebisch Lecture

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

TED Global

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

Three SPRU researchers, Professor Mariana Mazzucato, Professor Maria Savona and Dr Tommaso Ciarli, have been awarded research funding

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

European Central Bank

European Central Bank

Sinitra, Portugal – Panel discussion on “Innovation, Investment and Productivity” at the ECB Central Banking Forum.

Camera dei Deputati

Camera dei Deputati

Rome, Italy – Keynote on “The Entrepreneurial State and Mission-Oriented Industrial Policies”. Other speakers include Luigi Di Maio and Laura Castelli.