Economics - Innovation - Inclusive Growth - Public Purpose

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, coming out in April 2018, 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’

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

CHANNEL 4 NEWS

Current growth won’t lead to productivity

The Banker

China under Trump: The green innovation race

Bloomberg

‘Rethinking Capitalism’: from Austerity to Green Policy

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.

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

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.

 

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

Annual Prebisch lecture at the UN Economic Commission for Latin America & the Caribbean (ECLAC).

 

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

University of York

University of York

York, United Kingdom – Ken Dixon Lecture, keynote “Mission oriented policy and rethinking public value”

INET Conference 2017

INET Conference 2017

Edinburgh, United Kingdom – Speaker in the panel “Reversing Dual Economies?”, chaired by Tim O’Reilly.

European Central Bank

European Central Bank

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