Economics - Innovation - Inclusive Growth

events organised by Mazzucato

Financing Innovation in Renewable Energy

Financing Innovation in Renewable Energy

London, United Kingdom – 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, 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.

Workshop with the Open Society Foundations: Rethinking the Economics of Pharmaceutical Innovation

Workshop with the Open Society Foundations: Rethinking the Economics of Pharmaceutical Innovation

Professor Mazzucato organized this workshop jointly with the OSF, bringing together leading academics to explore the problems with the current profit–not health–driven pharmaceutical model and to ask what a new model could look like. It explored questions such as: How we can define and measure pharmaceutical innovation to capture health impact (including access issues) and incentivize public-interest and needs-based innovation? And what are the key economic arguments, incentives for innovation, and research questions needed to articulate and help justify an alternative scenario of pharmaceutical innovation that maximizes societal benefit (in particular, health impact)?

MISSION-ORIENTED FINANCE FOR INNOVATION – RETHINKING PUBLIC & PRIVATE RISKS AND REWARDS

MISSION-ORIENTED FINANCE FOR INNOVATION – RETHINKING PUBLIC & PRIVATE RISKS AND REWARDS

London, United Kingdom – The role of the state in modern capitalism has gone beyond fixing ‘market failures’. Those regions and countries that have succeeded in achieving ‘smart’ innovation-led growth have benefited from long-term visionary ‘mission-oriented’ policies — from putting a man on the moon to tackling societal challenges such as climate change and the well-being of an ageing population. In addressing these missions, public sector agencies have led the way, investing along the entire innovation chain and courageously  defining new high-risk directions. Traditional cost-benefit analysis and market failure justifications would have halted these investments from the start. No internet, no biotech, no nanotech. And today no clean-tech.

To fulfil this mission-oriented function, state agencies — from DARPA in the US to the China Development Bank — have been willing to welcome failure and tackle extreme uncertainty. How do they do it? What are the challenges ahead? Should government step back, or step up? And how can we socialize both risks and rewards so that economic growth is not only ‘smart’ but also ‘inclusive’?
Such investments would not lead to commercialization without a private sector that is able and willing to engage along the innovation chain. Is financialization putting such engagement under threat? If so, how can innovation policy also promote de-financialization?
Innovation in Pharma and Equity in Health Systems

Innovation in Pharma and Equity in Health Systems

This IKD project, with collaborators in Italy, India, Tanzania and Brazil, was launched in 2008 to research the connections between innovation and equity. It focuses on health care as this represents a crucial issue and “example” in the analysis of the interrelations between innovation and inequality. The aim is to tackle the issue by bringing together an understanding of the construction of capabilities in innovation and manufacturing in pharmaceuticals and the construction of ‘health system capability’ to deliver access to the innovative outputs.

Dig-IT Workshop: Inclusive Growth, Innovation and Technology – Interdisciplinary Perspectives

Dig-IT Workshop: Inclusive Growth, Innovation and Technology – Interdisciplinary Perspectives

In May 2013, SPRU – the Science and Technology Policy Research department at Sussex University – established the Dialogue on Inclusive Growth, Innovation and Technology (Dig-IT) to promote an interdisciplinary discussion of the link between technological change, economic growth, income distribution, and wellbeing. The initiative kick-started with a workshop. Visit the Dig-IT workshop website.

Innovation & Inequality: New Indicators from Pharma and Beyond

Innovation & Inequality: New Indicators from Pharma and Beyond

Pisa, Italy – Professor Mazzucato organized this workshop as Economics Director for Innogen while based at the Open University. The workshop brought together innovation economists, economic historians and industrial economists to think creatively about the way that innovation and inequality co-evolve- and how this relationship has changed over the course of capitalism. Event website

Financial Institutions and Economic Security

Financial Institutions and Economic Security

London, UK – The conference considered the influence of financial institutions on employment security, retirement security, and housing security, as well as the interrelations among these forms of economic security in North America and Europe.

American Economics Association

American Economics Association

New Orleans, USA – American Economics Association Conference, New Orleans, Jan 2008. Organised AEA Session with Pietro Veronesi on Stock Price Volatility and Innovation.

The conference program is available here.

Finance, Innovation and Inequality

Finance, Innovation and Inequality

London, UK – The DIME (Dynamics of Institutions & Markets in Europe) workshop provided a forum for discussion for researchers looking at the relationships and interdependences between financial practices, innovation dynamics, and sources of economic inequality.