Economics - Innovation - Inclusive Growth - Public Purpose


I’m a Professor in the Economics of Innovation and Public Value at University College London (UCL), and Founder/Director of UCL's Institute for Innovation and Public Purpose. My work is focused on the relationship between innovation and the direction of growth, with emphasis on building symbiotic partnerships that can create a form of growth that is more innovation-led, inclusive and sustainable. I am interested in the use of ‘mission oriented’ policies to direct innovation at the Sustainable Development Goals, and advise global policy makers on this topic. My book,The Entrepreneurial State: debunking public vs. private sector myths (2013, Penguin 2018) 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 the implications for directing innovation towards a green revolution. In 2016 I co-edited the book Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth focussed on new economic thinking to drive more effective economic policies. My latest book The Value of Everything, shortlisted for the FT-McKinsey 2018 Award, looks at the need to revisit the difference between value creation, value extraction and value destruction.

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

In the News

Featured TV


Green New Deal could fuel growth

Sky News

Brexit uncertainty and its effect on the economy


A ‘parasitic’ system in need of change


Rethinking Capitalism to Create Global Value

The Banker

China under Trump: The green innovation race


Mariana Mazzucato on who creates value

Mariana Mazzucato on who creates value

“Mariana Mazzucato is described on the back cover of her latest book, The Value of Everything: Making and Taking in the Global Economy, as “the world’s scariest economist” (a quote from a Times article). So we thought we should invite her into the FT’s offices in London to put that description to the test.”


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.


Upcoming And Recent Talks