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.