Economics - Innovation - Inclusive Growth - Public Purpose

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I’m a Professor in the Economics of Innovation and Public Value at University College London (UCL), and Director of UCL's Institute for Innovation and Public Purpose . My work is focused on the economics of innovation; patient finance; 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 more innovation-led, inclusive and sustainable. My 2013 book, The Entrepreneurial State: debunking public vs. private sector myths, looks at the ‘investor of first resort’ role that the State has played in the history of technological change — from the Internet, to biotech and clean-tech — and the implications for future innovation and for achieving public-private partnerships that are more symbiotic. In 2016 I co-edited a book called Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth focusing on the need for new economic thinking to drive more effective economic policies. My new book The Value of Everything, available in UK and US edition, looks at the need to revisit the difference between value creation and value extraction, and the problems that arise when one is confused with the other.

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’

Value Of Everything

Money talks: Taming crypto

Money talks: Taming crypto

How do regulators define and tackle crypto-currencies? Professor Mariana Mazzucato explains how economists should measure value.

How to retool our concept of value

How to retool our concept of value

“Mazzucato’s trenchant analysis is a compelling call to reinvent value as a key concept to help us achieve the world we all want.” Robert Costanza

Perils of the free market

Perils of the free market

“Mariana Mazzucato offers an exposé of how value extractors and rent-seekers have been masquerading as value creators in the global economy and how the conventional wisdom has indulged them in this.” Fran Boait

Featured News

Featured TV

CHANNEL 4 NEWS

A ‘parasitic’ system in need of change

Bloomberg

Rethinking Capitalism to Create Global Value

The Banker

China under Trump: The green innovation race

TVO Canada

Canadian Economy and Election

CNN Money

Who made your iPhone?

Publications

Policy Impact

US Senate Forum

US Senate Forum

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

Mission-Oriented Innovation Policy

Featured Talks

2018 Leontief Economics Prize Keynote

Keynote fore the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought titled “Globalization, Innovation, and Inequality”

INET Conference 2017

Institute for New Economic Thinking 2017 annual conference: speaker in plenary panel on “Reversing Dual Economies?”, chaired by Tim O’Reilly.

European Central Bank

Panelist on “Innovation, Investment and Productivity” at the ECB Central Banking Forum with Joel Mokyr and Hal Varian.

University of Cambridge

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

 

German Parliament

Keynote to German SPD Business Conference with Economic and Energy Minister Sigmar Gabriel.

 

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

North East New Industry event

North East New Industry event

Newcastle, United Kingdom – Talk title: The direction of economic growth: a mission oriented approach

2018 Knoop Annual Lecture

2018 Knoop Annual Lecture

Sheffield, United Kingdom – University of Sheffield, lecture title: “The Value of Everything”