Economics - Innovation - Inclusive Growth - Public Purpose

Featured articles by mazzucato

A State-Powered Green Revolution

A State-Powered Green Revolution

Mazzucato on why public agency ARPA-E has beaten the private sector to a key breakthrough in battery technology.

PUBBLICO E PRIVATO UNITI NELLA LOTTA

PUBBLICO E PRIVATO UNITI NELLA LOTTA

“Le fasi dello Stato nello sviluppo economico sono sempre seguite da un attacco contro il suo intervento nel buon funzionamento dei mercati.”

Articles By Mazzucato

Breaking with Capitalist Orthodoxy

Breaking with Capitalist Orthodoxy

“We need to better understand how modern capitalism works—and why, in key ways, it now doesn’t.” Michael Jacobs and Mariana Mazzucato

Italy’s future growth hinges on new ways of doing business

Italy’s future growth hinges on new ways of doing business

“Increasing investment is essential to Italy’s future, as is fundamentally changing public-private relationships to make them less focused on favours and subsidies, and more on transformational opportunities.”

Fair vaccine pricing please, not random acts of charity

Fair vaccine pricing please, not random acts of charity

“The right price for vaccines must take into account the value of their collective creation but also the fact that they are essential goods produced collectively to safeguard the vulnerable—no matter where they live.” Mariana Mazzucato & Els Torreele PDF

Il capitalismo secondo Donald

Il capitalismo secondo Donald

“Le imprese di Trump rappresentano il simbolo dell’economia malata che il tycoon attaccava durante la campagna elettorale” PDF

An Entrepreneurial Society Needs an Entrepreneurial State

An Entrepreneurial Society Needs an Entrepreneurial State

“Innovation-led growth can square a circle that is challenging modern capitalism: how to generate sustained and sustainable economic growth, built on high-value, well-paying jobs. This is at the core of entrepreneurial societies, and it is a good objective. The problem is how to get there.”

New Times: why it’s time for progressives to rethink capitalism

New Times: why it’s time for progressives to rethink capitalism

“The time is ripe for progressives to make their case with confidence and to rethink capitalism. Narratives about wealth creation must become more collective, as should the distribution of the rewards which result. The public realm matters to wealth creation, just as it matters to building a stronger and more just society.” In German

A real industrial revolution

A real industrial revolution

“If Theresa May is serious about industrial strategy, she must begin a fundamental shift in how economic growth is understood, and fostered. Growth has a direction as well as a rate, and the aim of industrial-innovation policy must be to set that direction.”

A State-Powered Green Revolution

A State-Powered Green Revolution

“How many billionaires does it take to change a battery? The answer, it turns out, is zero.” Professor Mazzucato writes for Project Syndicate on why public agency ARPA-E has beaten the private sector to a key breakthrough in battery technology.

PUBBLICO E PRIVATO UNITI NELLA LOTTA

PUBBLICO E PRIVATO UNITI NELLA LOTTA

“Le fasi in cui si sostiene il ruolo dello Stato nello sviluppo economico sono sempre seguite da un attacco contro il suo intervento nel buon funzionamento dei mercati.”

Toward a Green New Deal

Toward a Green New Deal

Mazzucato on how public and private sectors must forge a Green New Deal

Jeremy Corbyn’s Necessary Agenda

Jeremy Corbyn’s Necessary Agenda

Seven economists (including Joseph Stiglitz, Thomas Piketty, and me) have agreed to become economic advisers to Jeremy Corbyn, the new leader of the British Labour Party. I hope we will have a shared goal to help Labour shape an economic policy that is investment-led, inclusive, and sustainable.

Chine: les vraies questions à se poser

Chine: les vraies questions à se poser

“Devons-nous nous inquiéter de ce qui se passe en Chine? La croissance de la principale économie émergente est-elle en panne ? Ou bien le récent ralentissement économique et la dévaluation de la monnaie ne sont-ils que de simples remous?” This article was first published on the front page of La Repubblica on August 21, 2015.   English version

Solo lo spirito del Dopoguerra potrà salvarci dalla crisi eterna

Solo lo spirito del Dopoguerra potrà salvarci dalla crisi eterna

“L’emergenza ellenica riguarda tutta l’economia, dai dati “macro” alle singole imprese. Ma l’ipocrisia tedesca e il rigore “copia e incolla” non servono: bisogna agire come la Germania post-1945. L’austerità non aiuta, come sapeva bene Keynes, però ai greci si chiedono tagli su tagli”  PDF  English version

O custo do custo-benefício

O custo do custo-benefício

“O Brasil deveria definir os vetores das políticas públicas e das ações privadas a longo prazo, em vez de priorizar os “benefícios” da austeridade” Mariana Mazzucato, Caetano Penna      PDF

La ricchezza giusta per la sinistra

La ricchezza giusta per la sinistra

“Una teoria sulle ragioni della sconfitta del Partito laburista alle elezioni britanniche comincia a prendere piede. Ma è una teoria sbagliata. Per quelli che basano le loro previsioni sui sondaggi, il risultato è stato una sorpresa.”

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Grecia, l’inutile compromesso

Grecia, l’inutile compromesso

“Il braccio di ferro tra Atene e i  creditori internazionali sembra avviarsi verso l’ennesimo compromesso e già riecheggia il coro dei falsi ottimisti: meglio un compromesso di un default. E invece proprio questo è il momento di dirlo chiaro e forte: si profila un accordo che rischia di non risolvere nulla.”  English version

The Creative State

The Creative State

The conventional view in mainstream economics today is that governments have little capacity to spark innovation. The state should play as limited a role in the economy as possible, the thinking goes, intervening only in cases of “market failure.” This is far from the truth.

Lær av andres feil

Lær av andres feil

“Norge etter oljen: Norske myndigheter er opptatt av å øke konkurranseevnen og produktiviteten. Men ifølge innovasjonsøkonom Mariana Mazzucato er det noen alvorlige spørsmål knyttet til denne strategien – og minner om: Lær av andres feil.” Mariana Mazzucato

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Europa, ascolta le parole di Atene

Europa, ascolta le parole di Atene

“Il principale problema dell’Europa, si sente spesso ripetere, è che l’unificazione monetaria non è stata accompagnata da una vera politica fiscale comunitaria. E che senza una vera “unione fiscale” sarà impossibile uscire dalla crisi. Per “unione fiscale” si intende però soprattutto la necessità di correggere le differenze tra i Paesi.” PDF    English version

The Innovative State

The Innovative State

“Governments should make markets, not just fix them” Mariana Mazzucato

L’abisso della disuguaglianza

L’abisso della disuguaglianza

Italian version part 1 and part 2 (as featured in Italian newspaper La Repubblica)

“LA CRISI finanziaria globale che è cominciata nel 2008 e i cui strascichi si fanno ancora sentire pesantemente, è stata provocata da due fattori..”

English version

New Year’s Resolution

New Year’s Resolution

We need to battle against inequality and financialisation in 2015 argues Mazzucato

Quanto Stato c’è nella Silicon Valley

Quanto Stato c’è nella Silicon Valley

English version

Italian version part 1 and part 2 (as featured in Italian newspaper La Repubblica)

Ufficio Stampa Rai mention

“When Renzi visited Silicon Valley last month, he did so in the name of bringing innovation, competition and dynamism to Italy. He is right to make this a key concern given that this country has had little dynamism for the last 20 years due to stagnant productivity and hence stagnant growth. “

Der Mythos vom Staat, der nur stört

Der Mythos vom Staat, der nur stört

by Mariana Mazzucato, Capital

“Schon lange vor der globalen Wirtschaftskrise hat unser Politiker eine Frage beschäftig: Wo ist das europäische Google? Wo sind die innovativen Unternehmer? Die, die bereit sind, hohe Risiken einzugehen?”

Perché Google non l’abbiamo inventato in Europa

Perché Google non l’abbiamo inventato in Europa

English version

Italian version (as featured in the Italian magazine “Donna”, a supplement of La Repubblica)

“A big question for the past 20 years has been: where are the European Googles? Why are all the funky, creative, dynamic, innovative companies like Apple, Amazon, Google and Facebook coming out of the US and not out of Europe?”

OLTRE IL FETICCIO DEL 3 PER CENTO

OLTRE IL FETICCIO DEL 3 PER CENTO

Italian version part 1 and part 2 (as featured in Italian newspaper La Repubblica)

Why should the deficit be under 3%? Why not 1%, 2%, 4% or even 10%? Is this number perhaps just … taken out of thin air? Italy had a low deficit before the crisis but its debt/gdp ratio continued to grow. “

English version

L’unica strada per competere

L’unica strada per competere

Italian version part 1 and part 2 (as featured in Italian newspaper La Repubblica)

“The Eurozone economy is back on the front pages: 0% growth compared with the first quarter. Italy back in recession (did it ever leave?), and French and German output less than expected.”

English version

Was der Staat kann

Was der Staat kann

by Mariana Mazzucato, Le Monde Diplomatique

Oft wird behauptet, die Nöte der ‘peripheren’ Länder der Eurozone, etwa Portugals und Italiens, seien durch einen ‘verschwenderischen’ öffentlichen Sektor verursacht. Dabei wird das Offensichtliche übersehen: dass diese Länder eher an einem stagnierenden öffentlichen Sektor leiden, der die strategischen Investitionen versäumt hat, die erfolgreichere Kernländer wie Deutschland seit Jahrzehnten tätigen.”

EU (skewed) competitiveness: A different analysis

EU (skewed) competitiveness: A different analysis

“So the big question is: will the different types of ‘structural reforms’ and spending cuts induce growth in the periphery, the PIIGS? My answer is that, without investment in key areas, NO they won’t.”

Canada falling behind on innovation

Canada falling behind on innovation

Public sector austerity and lagging private sector investment hamper Canada’s ability to be a world leader in new technologies.

Don’t knock tax – it gave us the iPhone

Don’t knock tax – it gave us the iPhone

 

Entrepreneurship and smart growth are what every policymaker today wants to foster. It’s not just about startups, venture capital and “garage tinkerers”, but the willingness and ability of economic agents (public and private) to take on risk and real Knightian uncertainty to create new products and services.

Left magazine

Left magazine

“Apple. Lo Stato dentro l’iPhone”

The Guardian

The Guardian

“Spending review 2013: what will it mean for science and innovation?”

The Guardian

The Guardian

“Budget 2013: come on, chancellor, you can change Britain’s future”

Taxpayers Helped Apple, but Apple Won’t Help Them

Taxpayers Helped Apple, but Apple Won’t Help Them

“Many of the “new economy” companies that like to portray themselves as the heart of U.S. “entrepreneurship” have very successfully surfed the wave of U.S. government-funded investments.” Mariana Mazzucato

The Guardian

The Guardian

“UK GDP figures: panel verdict”

The Guardian

The Guardian

“Without banking reform, investing in innovation is too great a risk”

The Guardian

The Guardian

“Public money spent on ‘digging ditches’ won’t stimulate the economy”

The Guardian

The Guardian

“Banks must learn to reward the good risks”

The Guardian

The Guardian

“If the Eurozone is serious about growth, it can have it”

The Guardian

The Guardian

“Without state spending there’d be no Google or GlaxoSmithKline”

Research Europe

Research Europe

“Austerity is not the answer to Europe’s economic woes”

New Statesman

New Statesman

“Building the Entrepreneurial State”

MSN News

MSN News

“Will UK medicine give us a Greek cold?”

new statesman

new statesman

“The state doesn’t need the private sector to be entrepreneurial”

the guardian

the guardian

“How to build an ideas factory?”

the guardian

the guardian

“US healthcare reform is not an act of meddling”

Business XL

Business XL

“Economic insight”

Pharmaceutical Executive

Pharmaceutical Executive

What is needed in the pharmaceutical industry is more radical innovation, including radical thinking about the ‘innovation division of labour, writes Mazzucato.