Economics - Innovation - Inclusive Growth - Public Purpose


Professor Mariana Mazzucato


1999 PhD. Economics, New School for Social Research, NY
1994 Masters in Economics, New School for Social Research, NY
1990 Bachelor of Arts, History/International Relations, Tufts University, Boston


2017- Professor in Economics of Innovation and Public Value, University College London (UCL)
2011-2017 Present RM Phillips Professor in the Economics of Innovation, SPRU, University of Sussex
2014 Distinguished Visiting Professor, University of Technology, Sydney, Australia
2010-2013 Distinguished Visiting Professor, University of Edinburgh, Scotland
2008-2010 Visiting Professor, Bocconi University, Milan, Italy
2005-2011 Professor of Economics (Chair in Economics of Innovation), The Open University
2003-2004 Senior Lecturer, Economics, The Open University
1999-2002 Lecturer, Economics, The Open University
1998-1999 Post-Doctoral Marie Curie Research Fellow, London Business School, UK
1997-1999 Assistant Professor (tenure track), Economics, University of Denver, CO
1995-1997 Adjunct Professor, Economics, New York University, NY

HONORARY DEGREES (Doctor Honoris Causa)

Simon Fraser University, Canada, 2020 (ceremony 10/2020)

York University, UK, 2020 (ceremony 9/2020)

Hasselt University, Belgium, 2017

National University of San Martín, Argentina, 2016


2017- Director and Founder, Institute for Innovation and Public Purpose, University College London
2010-2012 Economics Director, ESRC Centre for Social and Economic Research on nnovation in Genomics (INNOGEN),
2009-2012 Coordinator of European Commission FP7 Collaborative Project on Finance, Innovation and Growth (FINNOV)
2004-2009 Founder and Director, Innovation, Knowledge and Development (IKD), inter-faculty research centre, The Open University,
2004-2008 Director of Research, Department of Economics, The Open University



Mazzucato, M. (2018) The Value of Everything, Penguin, Allen Lane-Penguin, London, ISBN: 978-0-241-1888-1

Jacobs, M. and Mazzucato, M. Eds (2016), Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, Wiley-Blackwell, London, ISBN: 978-1-119-12095-7

Mazzucato, M. (2013), The Entrepreneurial State: debunking public vs. private sector myths, Anthem Press: London, UK, ISBN 9780857282521, US edition (Public Affairs) and translated into Italian (Laterza), German (Kunstmann), Spanish (RBA Books), Portuguese (Companhia Das Letras), Dutch (Nieuw Amsterdam), Greek (Kritiki), and forthcoming in Chinese, Japanese, Korean,and Polish.

Mazzucato, M., Lowe, J., Shipman, A. and Trigg, A. (2010), Personal Investment: financial planning in an uncertain world, Palgrave Macmillan: Basingstoke, UK, ISBN 978-0-230-24660-7:1-448

Mazzucato, M. and Dosi, G. (eds.) (2006), Knowledge Accumulation and Industry Evolution: pharma-biotech, Cambridge University Press: Cambridge, UK, ISBN 0-521-85822-4: 1-446

Mazzucato, M. (ed.) (2002), Strategy for Business, a Reader, Sage Publications: London, UK, ISBN 0-7619-7413-X: 1-378

Mazzucato, M. (2000), Firm Size, Innovation and Market Structure: the evolution of market concentration and instability, Edward Elgar: Northampton, MA, USA, ISBN 1-84064-346-3: 1-138


Journal articles (peer reviewed)

Deleidi, M., Mazzucato, M., & Semieniuk, G. (2020). “Neither crowding in nor out: Public direct investment   mobilising private investment into renewable electricity projects”. Energy Policy, 111195. (working paper version)

Lamperti, F., Mazzucato, M., Roventini, A., & Semieniuk, G. (2019). “The green transition: public policy, finance and the role of the State”. Vierteljahrshefte zur Wirtschaftsforschung/Quarterly Journal of Economic Research88(2), 73-88.

Mazzucato, M., Kattel, R., & Ryan-Collins, J. (2019). “Challenge-Driven Innovation Policy: Towards a New Policy Toolkit”. Journal of Industry, Competition and Trade, 1-17.

Deleidi, M., & Mazzucato, M. (2019). “Putting austerity to bed: Technical progress, aggregate demand and the supermultiplier”, Review of Political Economy, 1-21.

Robinson, D and Mazzucato, M (2019), “The evolution of mission-oriented policies: Exploring changing market creating policies in the US and European space sector”, Research Policy 48 (2019) 936-948,

Sachs, J.D, Schmidt-Traub, G., Mazzucato, M., Messner, D, Nakicenovic, and N., Rockström, J. (2019) “Six Transformations to Achieve the Sustainable Development Goals”, Nature Sustainability (Sept. 2019).

Mazzucato, M., and Roy, V. (2018). “Rethinking value in health innovation: from mystifications towards prescriptions”. Journal of Economic Policy Reform, 1-19.

Mazzucato, M. (2018), “Mission Oriented Innovation Policy: Challenges and Opportunities”, Industrial and Corporate Change, 27 (5): 803–815,

Kattel, R. and Mazzucato, M. (2018). “Mission-oriented innovation policy and dynamic capabilities in the public sector”, Industrial and Corporate Change, 27 (5): 787-801,

Robinson, D. K., and Mazzucato, M. (2018). “The evolution of mission-oriented policies: Exploring changing market creating policies in the US and European space sector”, Research Policy.

Grilli, L., Mazzucato, M., Meoli, M. and Scellato, G. (2017), “Sowing the seeds of the future: Policies for financing tomorrow’s innovations”, Introduction to Special Issue in Technological Forecasting and Social Change.

Mazzucato, M. and Robinson, D. (2017) “Co-creating and directing innovation ecosystems: NASA’s approach to public-private partnerships in low-Earth orbit “,Technological Forecasting and Social Change,  

Mazzucato, M. and Semieniuk, G (2018) “Financing renewable energy: who is financing what and why it matters”, Technological Forecasting and Social Change127, 8-22.

Mazzucato, M. and Semieniuk, G. (2017) “Public financing of innovation: new questions”, Oxford Review of Economic Policy, Volume 33 (1): 24–48.

Mazzucato, M. and Penna, C. (2016) “Beyond market failures: the market creating and shaping roles of state investment banks”, Journal of Economic Policy Reform, 19(4): 305-326, SPRU working paper version

Mazzucato, M. (2016) “From Market Fixing to Market-Creating: A new framework for innovation policy”, Special Issue of Industry and Innovation: “Innovation Policy – can it make a difference?”, 23 (2)

Mazzucato, M. and Parris, S. (2014), “High Growth Firms in Changing Competitive Environments: the US Pharmaceutical industry” Small Business Economics Journal, 44(1): 145-170

Mazzucato, M. (2013) “Debunking the market mechanism: a response to John Kay”, Political Quarterly84 (4): 444–447

Mazzucato, M. and Shipman, A. (2014), “Accounting for productive investment and value creation,” Industrial and Corporate Change, 23(1): 1-27.

Lazonick, W., Mazzucato, M., and Tulum, O. (2013) “Apple’s Changing Business Model: What Should the World’s Richest Company Do with All Those Profits?” Accounting Forum. 37: 249-267

Mazzucato, M. (2013), “Financing innovation: creative destruction vs. destructive creation,” in special issue of Industrial and Corporate Change, M. Mazzucato (ed.), 22(4): 851-867

Lazonick, W. and Mazzucato, M. (2013), “The risk-reward nexus in the innovation-inequality relationship: Who takes the risks? Who gets the rewards?,” in special issue of Industrial and Corporate Change, M. Mazzucato (ed.), 22(4):1093-1128

Mazzucato, M. and Tancioni, M. (2012), “R&D, patents and stock return volatility,” Journal of Evolutionary Economics, 22:4: 811-832

Demirel, P. and Mazzucato, M. (2012), “Innovation and firm growth: is R&D worth it?” Industry and Innovation, 19(2)

Demirel, P. and Mazzucato, M. (2010), “The evolution of firm growth dynamics in the US pharmaceutical industry,” Regional Studies, 44(8): 1053-1066

Mazzucato, M. and Tancioni, M. (2008), “Innovation and idiosyncratic risk: an industry and firm level analysis,” Industrial and Corporate Change, 17(4): 779-811

Mazzucato, M (2006), “Innovation and Stock Prices,” Revue de L’Observatoire Français de Conjonctures Economiques,” Special Issue on Industrial Dynamics, Productivity and Growth

Mazzucato, M. and Tancioni, M. (2005), “Indices that capture creative destruction: questions and implications,” Revue d’Economie Industrielle, 110 (2nd translation): 199-218

Mazzucato, M. (2003) “Risk, variety and volatility: innovation, growth and stock prices in old and new industries,” Journal of Evolutionary Economics, 13(5): 491-512

Geroski, P. and Mazzucato, M. (2002), “Learning and the sources of corporate growth,” Industrial and Corporate Change, 11(4): 623-644

Mazzucato, M. (2002), “The PC industry: new economy or early life-cycle,” Review of Economic Dynamics, 5:2: 318-345

Geroski, P. and Mazzucato, M. (2002), “Myopic selection and the learning curve,” Metroeconomica, 53(2): 181-199

Mazzucato, M. and Semmler, W. (2002), “The determinants of stock price volatility: an industry study,” Nonlinear Dynamics, Psychology, and Life Sciences, 6(2): 230-253

Mazzucato, M. (2002), “Innovation, organization and economic dynamics,” (Review Article) Journal of Economic Behavior and Organization, 47:3: 335-341

Geroski, P. and Mazzucato, M. (2002), “Modelling the dynamics of industry populations,” International Journal of Industrial Organization, 19(7): 1003-1022

Mazzucato, M. (2000), “Firm size, innovation, and market share instability: the role of negative feedback and idiosyncratic events,” Advances in Complex Systems, 3(1-4): 417-431

Mazzucato, M. and Semmler, W. (1999), “Stock market volatility and market share instability during the US automobile industry life-cycle,” Journal of Evolutionary Economics, 9(1): 67-96

Mazzucato, M. (1998), “A computational model of economies of scale and market share instability,” Structural Change and Economic Dynamics, 9(1): 55-83

Articles under peer review

Laplane, A. and Mazzucato, M. (2019), Risks and Rewards for Publicly Financed Innovation, accepted with revisions Research Policy. Working paper version (IIPP WP 2019-9) purpose/files/socialising_risks_and_rewards_final.pdf

Heine, D., Radpour, S., Mazzucato, M., Flaherty, M., Gevorkyan, A., Semmler, W.  (2018) “Financing Low-Carbon Transitions through Carbon Pricing and Green Bonds”, under review with Economic Modelling. AlsoWorld Bank Policy Research working paper; no. WPS 8991.

Other journal articles (non peer reviewed)

Mazzucato, M., Li, H. L., & Darzi, A. (2020), “Is it time to nationalise the pharmaceutical industry?”, British Medical Journal, 368, i8236

Mazzucato, M. and Torreele, E. (2016), “Fair vaccine pricing please, not random acts of charity”, British Medical Journal, 355, i6173

Mazzucato, M. (2016), ”High cost of new drugs”, British Medical Journal, 354, i4136

Mazzucato, M. F. Onida, and Viesti, G. (2016), “Industrial policies in Europe: an introduction”, Special Issue of Journal of Economic Policy, “Industrial Policies in Europe and other industrial economics: scope, instruments, case studies and critical issues(Eds, M. Mazzucato, F. Onida, G. Viesti).

Mazzucato, M. (2015), “Innovation Systems: From Fixing Market Failures to Creating Markets”, Intereconomics, Vol. 50 (3);120-125

Mazzucato, M. (2014) “Costruire lo Stato innovatore: un nuovo quadro per la previsione e la valutazione di politiche economiche che creano (non solo aggiustano) il mercato,” in Special Issue The Entrepreneurial State: A Discussion (Lo Stato innovatore: una discussione), Economia & Lavoro, 3:(Sept-Dec)

Chapters in books

Mazzucato, M. and R. Kattel (2020), “Grand Challenges, Industrial Policy and Public Value”  in ‘The Oxford Handbook of Industrial Policy ‘, Oxford University Press Oxford, UK. Forthcoming.

Semieniuk, G. and M. Mazzucato. 2019. “Financing Green Growth”. In R. Fouquet (ed.) Handbook on Green Growth. Cheltenham: Elgar.

Mazzucato, M. (2017) “Wealth Creation and the Entrepreneurial State” in National Wealth: What is Missing and Why it Matters, Chapter 9. Eds. Hepburn, C. and Hamilton, K, Oxford University Press, Oxford, UK.

Mazzucato, M. and O’Donovan, C. (2016) “The BBC as market shaper and creator” in Rethinking the BBC: Public media in the 21st Century, Seth-Smith, N., et. al. (eds.), Commonwealth Publishing.

Mazzucato, M. and Wray, L.R. (2016) “(Re) introducing Finance into Evolutionary Economics: Keynes, Schumpeter, Minsky and Financial Fragility” in Schumpeter’s Capitalism, Socialism and Democracy: A Twenty First Century Update, Eds. Burlamaqui, L. and Kattel, R. Routledge Studies in History of Economics, Oxford, UK, forthcoming.

Mazzucato, M. and Jacobs, M. (2016) “Rethinking Capitalism: An Introduction”, in Rethinking Capitalism Economics and Policy for Sustainable and Inclusive Growth, Chapter 1. Eds Jacobs, M. and Mazzucato, M, Wiley-Blackwell, London, UK

Mazzucato, M. (2016) “Innovation, the State and Patient Capital”, in Rethinking Capitalism Economics and Policy for Sustainable and Inclusive Growth, Chapter 6. Eds Jacobs, M. and Mazzucato, M, Wiley-Blackwell, London, UK

Mazzucato, M. and Robinson, D. (2016) ‘Directing vs. facilitating the development of low-earth orbit’ in Economic Development of Low Earth Orbit, Besha, P. and MacDonald, M. (eds), NASA (11/07/2016)

Mazzucato, M. (2016) “Innovation Policy as Creating Markets, Not Only Fixing Them: Implications for Complexity Theory”, in Complexity and Evolution: Toward a New Synthesis for Economics, eds. D. S. Wilson and A. Kirman. Strüngmann Forum Reports, vol. 19, J. Lupp, series editor. MIT Press: Cambridge, MA, USA.

Mazzucato, M., J. Gowdy, S. Page, J. C. J. M van der Bergh, S.V. der Leeuw and D. Sloan Wilson (2016) “Shaping the evolution of complex societies: an evolutionary approach to economic policy”, in Complexity and Evolution: Toward a New Synthesis for Economics, Wilson, D. S. and Kirman, A., eds., Strüngmann Forum Reports, vol.19, J. Lupp series editor. MIT Press: Cambridge, MA, USA

Mazzucato, M. and Perez, C. (2015), “Innovation as Growth Policy,” in The Triple Challenge:  Europe in a New Age. J. Fagerberg, S. Laestadius, and B. Martin (eds.) Oxford University Press: Oxford, SPRU working paper version

Mazzucato, M. and Penna, C. (2015) “State investment banks and mission-oriented finance for innovation”, in The Present and the Future of Development Financial Institutions: Theory and History. Burlamaqui L., Sobreira R., Vianna M. (eds.) Minds: Rio de Janeiro

Mazzucato, M. (2014), “The Green Entrepreneurial State,” in The Politics Of Green Transformations. M. Leach, P. Newell and I. Scoones (eds.) STEPS Earthscan Series, Routledge, ISBN: 9781138792906

Mazzucato, M. (2014), “Innovation policy: smart and inclusive?” in New Perspectives on Industrial Policy for a Modern Britain. D. Bailey, K. Cowling and P.R. Tomlinson (eds.) Oxford University Press: Oxford, forthcoming, ISBN: 0198706200

Mazzucato, M. (2013), “Smart and inclusive growth: rethinking the State’s role and the risk–reward relationship,” in Innovation studies: evolution and future challenges. J. Fagerberg, B. Martin, and E. Andersen, (eds.) Oxford University Press: Oxford, ISBN: 0199686351

Demirel, P. and Mazzucato, M. (2013), “Innovation and financial performance: recent results and questions for future research,” in Finance and innovation. A. Pyka, (ed.) Springer Publishing: London, ISBN: 9780415696852

Mazzucato, M. (2010), “Bubbles & Investment Behaviour,” in Personal investment: financial planning in an uncertain world, M.Mazzucato et al. (eds.) Palgrave Macmillan: Basingstoke, UK. ISBN-13:978-0-230-24660-7: 263-310

Dosi, G. and Mazzucato, M. (2006), “Knowledge accumulation and industry evolution: an introduction,” in Knowledge accumulation and industry evolution: pharma-biotech, M. Mazzucato and G. Dosi, (eds.) Cambridge University Press: UK. ISBN 0-521-85822-4: 1-18

Orsenigo, L., Dosi, G. and Mazzucato, M. (2006), “The dynamics of knowledge accumulation, regulation and appropriability in the pharma-biotech sector: some policy issues,” in Knowledge accumulation and industry evolution: pharma-biotech, M. Mazzucato and G. Dosi, (eds.) Cambridge University Press: UK, ISBN 0-521-85822-4: 402-431

Mazzucato, M. (2003), “Risk, variety and volatility: growth innovation and stock prices in early industry evolution,” in Entrepreneurship, the new economy and public policy, U. Cantner, et al (eds) Springer, NY

Geroski, P. and Mazzucato, M. (2003), “Advertising and the evolution of market structure in the US car industry,” in Competition, Monopoly and Corporate Governance, M. Waterson, (ed.) Edward Elgar: Northampton, MA (2003) ISBN 978-3-540-22613-0: 33-55

Mazzucato, M. (2003), “Information technology: a new era?,” in Economics and economic change, G. Dawson and M. Mackintosh, (eds.) The Open University, DD202 course text (2003) ISBN 0-7492-5369-X: 21-48.

Geroski, P. and Mazzucato, M. (2002), “selection and the learning curve,” in Applied evolutionary economics: new empirical methods and simulation techniques, Edward Elgar: Northampton, MA (2002) ISBN 978-1-84064-847-8: 212-234

Mazzucato, M. and Semmler, W. (2000), “Market share instability and stock price volatility during the industry life cycle: the US automobile industry,” in Economic evolution, learning and complexity, S. Klepper (ed.) Physica Verlag: Heidelberg (2000) ISBN 3-798-1275-7: 97-126

Mazzucato, M. (2000) “Firm size, innovation and market share instability: the role of idiosyncratic events on the feedback between firm size and innovation,” in Applications of simulation to social sciences, Hermes Science Publishing: Oxford (2000) ISBN 1-903398-04-5: 417-431

Unpublished Work in Progress & Working Papers

Mazzucato, M. and Ryan-Collins, J. (2019). “Putting value creation back into ‘public value’: From market fixing to market shaping”, UCL Institute for Innovation and Public Purpose, Working Paper (IIPP WP 2019-05).

Miedzinski, M., Mazzucato, M. and Ekins, P. (2019). “A framework for mission-oriented innovation policy roadmapping for the SDGs”, UCL Institute for Innovation and Public Purpose Working Paper (IIPP WP 2019-03)

Semieniuk, G. and Mazzucato, M, (2018). ‘Financing Green Growth’. SOAS Department of Economics Working Paper No. 210, London: SOAS University of London.

Kattel, R, Mazzucato, M, Ryan-Collins, J., and Sharpe, S. (2018), ”The economics of change: Policy and appraisal for missions, market shaping and public purpose”, UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2018-06)

Kattel, R. and Mazzucato, M. (2018). “Mission-oriented innovation policy and dynamic capabilities in the public sector”, UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2018-05)

Semieniuk, G., Mazzucato, M.  (2018), “Financing green growth”, UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2018-04)

Mazzucato, M. (2018) “Governing Mission”.  Report for the European Commission.  Forthcoming

Wirkierman, A.L., Ciarli, T., Mazzucato, M.  (2018), “Innovation eco-systems and the Risk-Reward Nexus:  an evolutionary account”, ISIG Working Paper, (ISIG D4.5)

Deleidi, M., De Lipsis V., Mazzucato, M., Agnolucci, P.  (2018), “Fiscal multipliers:  a SVAR approach for the US”, UCL Institute for Innovation and Public Purpose Working Paper, forthcoming.

Deleidi, M., Mazzucato, M. (2017), “Putting austerity to bed: Technical progress, aggregate demand and the supermultiplier”, UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2018-02)

Mazzucato, M., Macfarlane, L.  (2017) “Patient strategic finance: Opportunities for investment-led growth in the UK”.  UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2017-05)

Mazzucato, M., Roy, V.  (2017) “Rethinking Value in Health Innovation:  From mystifications towards prescriptions”, Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2017-04)

Mazzucato, M.  (2017) “Mission-oriented Innovation Policy:  Challenges and Opportunities”, UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2017-01)

Lamperti. F, Mazzucato, M., Napoletano, M. and Roventini, A. “The entrepreneurial state at work: an agent based exploration”, unpublished Mazzucato, M., Wirkierman, A. and Ciarli, T. (2017) “An evolutionary agent-based model of innovation and the risk reward nexus”, ISIG working paper.

Mazzucato, M. and Wray, L.R. (2016) “(Re) introducing Finance into Evolutionary Economics: Keynes, Schumpeter, Minsky and Financial Fragility”

Mazzucato, M. and Robinson, D. (2016) “Co-creating and directing Innovation Ecosystems? NASAs changing approach to public-private partnerships in low-earth orbit”, Technological Forecasting and Social Change

Mazzucato, M., Gevorkyan, A., Flaherty, M., Heine, D., Radpour, S. and Semmler, W. (2016) “Financing Climate Policies through Carbon Tax and Climate Bonds Theory and Empirics”, World Bank.

Mazzucato, M., Wirkierman, A. and Ciarli, T. (2016) “An evolutionary agent-based model on the risk-reward nexus in innovation”, unpublished.

Mazzucato, M. (2015) “The Green Entrepreneurial State”, SPRU Working Paper Series 2015-28

Mazzucato, M. (2015) “From market-fixing to market-creating: a new framework for economic policy”, SPRU Working Paper Series 2015-25

Mazzucato, M. and Penna, C. (2015) “The Rise of Mission-Oriented State Investment Banks: The Cases of Germany’s KfW and Brazil’s BNDES” SPRU Working Paper Series 2015-26,

Mazzucato, M. and Penna, C. (2014) “Beyond market failures: “The market creating and shaping roles of state investment banks”, SPRU Working Paper Series, 2014-21,

Mazzucato, M. and Penna, C. (2014) “Picking winners: Theory, practice, and setting the record straight”, unpublished working paper.

Mazzucato, M. and Wray, R. (2014) “Financing The Capital Development Of The Economy: A Keynes-Schumpeter-Minsky Synthesis, Levy Institute Working Paper 837

Mazzucato, M. and Demirel, P. “Fat tailed growth distributions and Industry Structure” in Journal of Evolutionary Economics

Mazzucato, M. (2019) “Governing Missions in the European Union” Report for the European Commission ISBN SBN 978-92-76-08744-1  

Policy papers/reports

Mazzucato, M., & Dibb, G. (2019) ‘Missions: A beginner’s guide’. (IIPP Brief 09).

Mazzucato, M., McPherson, M. & Hill, D. (2019). ‘A mission-oriented approach to clean growth’. (Greater Manchester Independent Prosperity Review – March 2019)

Mazzucato, M. & McPherson, M. (2019). ‘What the green revolution can learn from the IT revolution’. (IIPP Brief 08).

Agnolucci, P., Deleidi, M., De Lipsis, V., Mazzucato, M. & Ryan-Collins, J. (2019). ‘The macroeconomic impact of government innovation policies’. (IIPP WP 2019-06)

Mazzucato, M. (2019) “Governing Missions in the European Union” Report for the European Commission ISBN SBN 978-92-76-08744-1  

UCL Commission on Mission-Oriented Innovation and Industrial Strategy (MOIIS) co-chaired by Mazzucato, M. and Willetts, D. (2019) ‘A Mission-Oriented UK Industrial Strategy. UCL Institute for Innovation and Public Purpose’, IIPP WP 2019-04.

Mazzucato, M. and Kattel, R. (2019) ‘Getting serious about value’, UCL Institute of Innovation and Public Purpose (IIPP Brief 07).

Mazzucato, M, and Macfarlane, L. (2019) ‘A mission-oriented framework for the Scottish National Investment Bank’, IIPP WP 2019-02.

Mazzucato, M. and Li, H.L. (2019) ‘Health innovation re-imagined to deliver public value’, UCL Institute of Innovation and Public Purpose (IIPP Brief 05).

Mazzucato, M. (2018) ‘The people’s prescription: Re-imagining health innovation to deliver public value’, IIPP WP 2018-10. London: IIPP, Global Justice Now, Just Treatment, STOPAIDS.

Mazzucato, M. and McPherson, M. (2018) “The Green New Deal: A bold mission-oriented approach”. UCL Institute of Innovation and Public Purpose (IIPP Brief 04).

Deleidi, M. and Mazzucato, M. (2018) “The effectiveness and impact of post-2008 UK monetary policy”. UCL Institute of Innovation and Public Purpose (IIPP Brief 03)

Mazzucato, M. and Macfarlane, L. (2018) “Patient Finance for Innovation-Driven Growth”. UCL Institute of Innovation and Public Purpose (IIPP Brief 01)

Mazzucato, M. (2018) “Mission-Oriented Research & Innovation in the European Union:  A problem-solving approach to fuel innovation-led growth”.  Report for the European Commission, ISBN 978-92-79-79918-1

Macfarlane, L., Mazzucato, M.  (2018) “State investment banks and patient finance:  An international comparison”, UCL Institute for Innovation and Public Purpose Working Paper, (IIPP WP 2018-01)

Mazzucato, M and Semieniuk, G. (2018). ‘Bridging the gap: The role of innovation policy and market creation’. Chapter 7 in UNEP, Emissions Gap Report 2018. United Nations Environment Programme.

Lamperti, F., Mazzucato, M., Roventini, A. and Semieniuk, G. (2017). ‘The Green Transition: Public Policy, Finance and Innovation’. ISIGrowth Policy Brief, 22 June 2017.

Mazzucato, M. and Robinson, D. (2016) ‘Market Creation and the European Space Agency: Towards a Competitive, Sustainable and Mission-Oriented Space Eco-System, European Space Agency,

Mazzucato, M. and Penna, C (2016) ‘The Brazilian Innovation System: A Mission-Oriented Policy Proposal’, Report for the Brazilian Government, commissioned by the Brazilian Ministry for Science, Technology and Innovation through the Centre for Strategic Management and Studies, (06/04/2016).

Mazzucato, M, Semieniuk, G. and Watson, J. (2015) ‘What will it take to get us a Green Revolution?’, Sussex Energy Group, (01/12/2015).

Mazzucato, M. and Penna, C. Eds (2015) Mission-Oriented Finance for Innovation: New Ideas for Investment-Led Growth, Rowman & Littlefield, Book, ISBN 978-1-78348-495-9

Mazzucato, M. (2014), Think Piece: “A Mission Oriented Approach to Building the Entrepreneurial State”, paper commissioned by Innovate UK-Technology Strategy Board November 2014T14/165

Mazzucato, M. (2014), “Smart and Inclusive Growth”, chapter in “Owning the Future” ed. Chuka Umunna MP, Shadow UK Business Secretary, Policy Network, Rowman & Littlefield, ISBN 9780992870515 `

Mazzucato, M. (2014) “Smart and inclusive growth: reforming the risk-reward nexus in innovation,” Innovation for Growth (i4g), Policy Brief No.9 Available from:

Mazzucato, M. (2013) “BBC: From Crowding Out to Dynamising In’, chapter in ‘Study of Journalism Report’, Reuters Institute.

Mazzucato, M. (2012), “Rebalancing what? Reforming finance for value creation,” Policy Network  Available from:



European Commission Missions, as special advisor to DG-RTD commissioner (Carlos Moedas) in 2018-2019, authored high impact report on Mission Oriented Innovation in the European Union, distributed for EU wide stakeholder consultation and voted on by European Council, making ‘missions’ a new legal instrument for Horizon programme. Also authored and Governing Missions in the European Union. Keynote to European Council on Competitiveness (1/1/17), where working paper Mission-Oriented Innovation Policy: Challenges and Opportunities (IIPP-WP-01017) was distributed/discussed.

Scottish National Investment Bank, as economic advisor to Scotland’s First Minister, worked to help establish a new Scottish National Investment Bank, and wrote associated reports which fed into implementation.

UK Industrial Strategy, Co-chaired the Commission for Mission Oriented Innovation and Industrial Strategy (MOIIS), which had high impact on challenge led UK industrial strategy.

Camera dei Deputati, Keynote on “The Entrepreneurial State and Mission-Oriented Industrial Policies”. Other speakers include Luigi Di Maio, Vicepresidente della Camera dei Deputati and Laura Castelli, Commissione Bilancio, Camera dei Deputati. (24/5/2017)

German Ministry of Economic Affairs and Energy, spoke on Investment and Innovation at Modernising Germany-Innovation Agenda #2025 with Federal Economic Minister Sigmar Gabriel, (17/01/2017),did=798868.html

Business, Energy and Industrial Strategy Select Committee, provided written and verbal evidence on ‘Industrial Strategy’, (22/11/2016)

Gesellschaft für Plurale Ökonomik Wien, public debate with Austrian Chancellor Christian Kern on ‘Public Investment and Inclusive Growth’ (18/11/2016)

German Social Democratic Party (SPD) Conference, Keynote, speaking alongside Economic Minister Sigmar Gabriel (28/9/2016)

United Nations Economic Commission for Latin America & the Caribbean (ECLAC), Keynote responding to ECLAC’s Horizons 2030 document to Finance Ministers from across Latin America & the Caribbean (26/05/2016) and gave 14th Raúl Prebisch Lecture (19/04/2016)

Brazilian Ministry for Science and Technology, presented report, commissioned by Ministry, on ‘The Brazilian Innovation System: A Mission-Oriented Policy Proposal’, (05/04/2016) (report presented in Ministry

United Nations Secretary General’s High Level Panel on Access to Medicines, provided written and verbal evidence (28/02/2016)

US Senate Forum of the Middle-Class Prosperity Project, written and verbal evidence for a Forum convened by Senator Elizabeth Warren and Con. Elijah Cummings, (27/07/2015). and

US Senate Appropriations Committee, The Entrepreneurial State: debunking public vs. private sector myths was discussed in a hearing with heads of NSF, DOE, and National Institutes for Health Director Francis S.Collins, (05/2014)

UK Government Department for Business, Innovation & Skills cited Mazzucato’s work in the Economics paper ‘Innovation & Research Strategy for Growth’ (12/2011).

University of Sussex, REF 2014 Impact Case submitted to UoA 19 (Business and Management): Changing the framework for industrial policy: from fixing market failures to shaping and creating markets


Ford Foundation, Labour Unions, Technological Change and Climate Change—Shaping Markets Through Effective Collective Action by Civil Society, 2019-2020 PI ($100,000)

Rockefeller Foundation, Public Value & Digital Transformation and the Mission Oriented Innovation Network (MOIN), 2018-2020 PI (£285,517)

Engineering and Physical Sciences Research Council (EPSRC), Interactions between the UK energy system and the UK economy, 2017-2019 PI (£15,172)

European Space Agency (ESA), Benefit and Challenges of Applying Mission-Driven Innovation Models in Governmental Space Exploration Programmes, 2018-2020 PI (£78,947)

Smart Prosperity Institute (SPI), What mobilises green investment? Evidence from the renewable energy sector and beyond, 2018 PI (£11,000)

Smart Prosperity Institute (SPI), Accelerating Clean Innovation/Economics and Environmental Research Policy Network, 2018 PI (£11,000)

European Commission, Horizon 2020Inclusive Futures For Europe BEYOND The Impacts Of Industrie 4.0 And Digital Disruption (BEYOND 4.0), 2019-2022 (£379,419)

European Commission, Horizon 2020, Growth, Welfare, Innovation, Productivity (GROWINPro), 2019-2021 (£111,981)

Department for International Development (DFID), Life Changing Assistive Technology For All (AT2030), 2018-2021 PI (£253,891)

Innovate UK, The Macroeconomic Implications of Mission Oriented Policies, 2017-2018 PI  (£118,000)

Open Society Foundations, Rethinking the Economics of Medical Innovation, 2016-2018, PI

($160,000), renewed 2019-2020 ($200,000)

ESRC, Technical Change, Employment and Inequality: A Spatial analysis of households & plant data (TEMPIS), 2016-2018, ESRC/N011929/1, Co-I (£220,000)

Brazilian Ministry for Science and Technology, Report on Brazil’s Innovation Policy in the Context of Societal Challenges, PI, 2015 (£75,000)

European Commission, Horizon 2020, DOLFINS: Distributed Global Financial Systems for Society, PI for SPRU (Coordinating Institution: University of Zurich), grant 640772 2015-2018 (€2.5 million)

European Commission, Horizon 2020, (ISIG Innovation-fuelled, Sustainable, Inclusive Growth in Europe), PI for SPRU team (Coordinating Institution: Univ. Sant’Anna, Pisa), grant 649186, 2015-2018 (€2.5 million)

Institute for New Economic Thinking (INET), Finance and Innovation: A Schumpeter-Minsky synthesis, PI with Randy Wray, 2012 – 2014 ($200,000)

Ford Foundation, Reforming Global Finance initiative: Financial markets and the entrepreneurial State. PI, 2012-2016 ($200,000), renewed for 2014-2016 ($450,000)

Ford Foundation, funding for conference organisation in the Reforming Global Financial Governance initiative: Financial governance for innovation and social inclusion, 2013 ($29,950)

The Brazilian Development Bank (BNDES), funding for conference organisation Mission-oriented finance for innovation: rethinking public & private risks and rewards, 2014 (£86, 659)

European Commission, Collaborative FP7 Project, FINNOV: Finance, innovation and growth. PI, Coordinator and PI of EC FP7, 2009-2012 (€1.5 million)

ESRC Centre, Social and economic research on innovation in genomics, The Open University and University of Edinburgh and part of the ESRC Genomics Network, Economics Director and Co-investigator (25% of time) 2nd phase funding, 2007-2012

European Commission, 5th Framework Programme Grant: Econ-change: micro-foundations of entrepreneurial & organisational change in Europe. Co-Investigator, 2002-2004

British Academy, Firm growth dynamics in different knowledge regimes: the biotech sector. Small grant PI, 2005-2007 (£7,033)

European Commission, Network of Excellence: Dynamics of institutions and markets in Europe (DIME). Leader of The Open University node, and co-ordinator of 2 work packages: Finance and innovation; innovation and inequality in health, 2003-2010

The Open University Research Grant, Sales, innovation and stock prices in information technology, The Open University, PI, 2001 (£25,000)

European Union Training & Mobility for Researchers Grant, Marie Curie, The Co-Evolution of Innovation and Market Structure. London Business School, PI, 1998 (£50,000)

Santa Fe Institute, Computational Economics, summer grant to work in SFI, 1996

Russell Sage Foundation, grant in behavioural economics: PI, 1995 ($7,000)

Rotary International, graduate fellowship: PI, 1993 ($35,000)

University Fellowship New School for Social Research, 1992-1993 ($18,000)



Scotland Government (2020); European Investment Bank (2020); Innovate UK (2019); Scottish Government (2019); Inter-American Development Bank (2017): Scottish Government (2017): European Investment Bank (2017); United Nations Economic Commission for Latin America (2016); European Space Agency (2016); NASA (2015), Inter-American Development Bank (2015, 2018, 2020), Brazilian Ministry for Science and Technology (2015)


2018-2019 University College London (IIPP)
Taught modules for Rethinking Capitalism (authored textbook)
Convenor for Public Value module in Masters (MPA) in Innovation and Public Policy
Co-designed the MPA curriculum.
2011-2017 University of Sussex, Chair of Doctoral Committee, SPRU. Masters classes in industry dynamics; finance and innovation. INET course in the Economics of Innovation, (April 2014)
2006-2010 Bocconi University, Milan, Italy, (Visiting Professor)
Taught Masters and MBA courses, 8205 Industrial Economics and International Competitiveness (with F. Malerba) and 8014 Industry Analysis (with M. Mariani)

The Open University, Milton Keynes, UK, (Professor)

2008-2010 Personal Investment in an Uncertain World (DB234), Production Chair, Editor of textbook
2004-2008 Microeconomics (DD319), Chair
2001-2002 Economics and Economic Change (DD202), Chair
2002-2006 Business Behaviour in a Changing Environment (B300), Chair for Strategy module

University of Denver, Denver, USA, (Assistant Professor)

1997-1999 Undergraduate level Foundations of Economics; and Masters level Industrial Organization

New York University, New York, USA, (adjunct)

1995-1997 Undergraduate level Introductory Microeconomics; Introductory Macroeconomics

Summer school teaching

2006 European Summer School in Industry Dynamics (ESSID, EU), Cargese, Corsica
2002-2006 The Open University Summer School, Bath, UK

Recent PhD supervision

2019- Asker Voldsgaard Ruge, (UCL), Green Growth on a Tilted Playing Field: The Case of Denmark
2019- Travis Michael Whitfill, (UCL), Rethinking innovation and finance in the biopharmaceutical sector
2018- Angeliki Kapoglou (UCL), A Mission-Oriented approach to a European Space Resources Strategy
2017- Lukas Fuchs (UCL) Public Value and Public Purpose: Where Philosophy meets Economics
2016- Irene Maffei (Sussex Univ, SPRU) Government Policies for Financing Green Innovation
2016- Simone Gasperin (UCL) The State as Entrepreneur: Italy’s IRI and CDP
2016- Tommaso Gabellini (UCL) Investment, finance and innovation: the role of State Investment Banks
2014- Marco Carreras (Sussex Univ, SPRU) Brazil’s State-Owned Development Finance Institutions
2014- Andrea Laplane (Sussex Univ, SPRU) The Risk-Reward Nexus in Brazil’s Innovation System
2009-2016 Nicholas Jagger (Sussex Univ, SPRU) Forecasting the Skills Requirement of the Low Carbon Transition
2013-present Zhehong Zheng (Open University), A Micro-Macro Model of Finance and Growth
2010 (awarded) Lillian Jensen (Open University, ESRC), Absorptive Capacity and Firm Growth
2009 (awarded) Pelin Demirel (Open University), Economic Dynamics in Different Knowledge Regimes

Recent Post-doctoral supervision (funded by my grants listed above)

Henry Li (UCL) Matteo Deleidi (UCL), Joshua Ryan Collins (UCL), Ariel Wirkerman (University of Sussex), Caetano Penna (University of Sussex), Gregor Semieniuk (University of Sussex), Stuart Parris (Open University).

PhD External examiner

Cambridge University, Sant’Anna University Pisa; University of Essex; London Business School.


Winner of the John von Neumann Award, Rajk László College for Advanced Studies, 2020

All European Academies Madame de Staël Prize for Cultural Values, 2019, €20,000

Wassily Leontief Award for Advancing the Frontiers of Economic thought, 2018

Elected to the UK Academy of Social Sciences, 2017

Elected to the Italian Academy of Sciences, Lincei, 2018

Short-listed for 2019 Best Business Book of the Year, FT-Mckinsey, £10,000 for shortlist

Best Book of the Year, Strategy and Business, 2018 (The Value of Everything)

Winner of the Hans Matthöfer German book prize, 2015

Winner of the New Statesman / SPERI Prize in Political Economy, 2014

Listed in Financial Times Selection of Books of the Year, Entrepreneurial State, 2013

Shortlisted for the German Wirtschaftsbuchpreis for Das Kapital des Staates, 2014

Nominated for Industry & Innovation DRUID Award for Best Paper, 2014

Nominated for IPEG Book Prize, 2014



Advisory/Commissioner/Task Forces: 

2018-2020 Special Advisor to Carlos Moedas, EC Commissioner for Research and Innovation
2016-present Scottish Government, Council of Economic Advisors, Scotland
2019-present South African President’s Economic Advisory Council (PEAC)
2019-present Vinnova, Sweden’s Innovation Agency, International Advisory Board, Sweden
2015-present SITRA, Finnish Innovation Fund, Advisory Board, Finland
2017-present Research Council of Norway, Advisory Board, Norway
2019-present UN Committee for Development Policy
2018-present OECD Secretary General Adv Group on New Narrative for Economic Challenges
2017-Present Economic and Social Impact of Research (ESIR), European Commission
2017-present UN SDSN Leadership Council, United Nations
2016-present IPPR, Commissioner, Commission on Economic Justice, UK
2016-present Italian Parliamentary Budget Office, Scientific Advisor, Italy
2016-present Danish Design Centre, Advisory Board, Denmark
2016-present International Schumpeter Society, Vice President
2015-present Institute for Public Policy Research (IPPR), Trustee, UK
2014-2018 Political Economy Research Centre, Goldsmiths University, Advisory Board, UK
2016-2018 i24C High Level Group, Belgium
2013-2016 University of Sussex, University Council member, UK
2013-2018 UNU-MERIT, Advisory Board, Netherlands
2013-2018 Circle, Lund University, Scientific Advisory Board, Sweden
2012-2018 Green Alliance, Trustee, UK
2015-2016 Labour Party Economic Advisory Committee, UK
2013-2015 EC High Level Economic Policy Expert Group, Innovation 4 Growth, RISE
2014-2016 World Economic Forum Global Agenda Council on the Economics of Innovation
2013-2014 Centre for European Reform, Commissioner, UK
2012-2014 European Commission (EC) Task Force on Public Sector Innovation
2012-2013 New Economic Foundation, Task force on New Jobs, UK
2012 Reinventing BIS Review (Lord Adonis Chair), UK
2012- UCL Green Economy Policy Commission (Prof. Ekins Chair), UK


Journal Editor

Journal of Economic Policy Reform (2016-), Economics, Information and Policy (2004-2010), Journal of Post-Keynesian Economics (2014-), Italian Economic Journal (2014-2016), Structural Change and Economic Dynamics (2014-)


Journal Referee

Journal of Economic Dynamics and Control; Journal of Evolutionary Economics; Journal of Economic Behavior and Organization; Research Policy; International Journal of Industrial Organization; Industrial and Corporate Change; Review of Political Economy; Structural Change and Economic Dynamics; Journal of Computational Economics; Research Policy, Oxford Papers in Economics and Statistics, Review of Economics and Statistics


Grant Referee

Institute for New Economic Thinking (INET); Economics and Social Research Council (ESRC), UK; United States National Science Foundation (NSF); ESRC Science and Technology Studies Panel



TEDSummit 2019, Edinburgh, Scotland. (24/07/2019). ‘What is economic value, and who creates it?’.

Festivaletteratura, Mantua, Italy. (07/09/2019). ‘L’economia del Valore’.

Tate Modern 2019, London, UK (22/10/2019). ‘Art in real life: Architecture and public space’.

Brainwash Festival, Berlin, Germany. (26/10/2019). ‘The future of economics’.

Wired Smarter, London, UK (30/10/2019).

Rethinking Economics Seminar, Áras an Uachtaráin, Ireland. (12/11/2019). ‘Rethinking the Role of the State in Fostering a Sustainable and Inclusive Economy’.

SME Assembly 2019, Helsinki, Finland. (14/11/2019). ‘Schumpeter Lecture’.

Antitrust in Times of Upheaval – a Global Conversation, Brussels, Belgium. (10/12/2019). ‘Out of the Box – Antitrust in Times of Upheaval’.

The Times CEO Summit, London, UK. (11/06/2019). ‘The Trust Vacuum panel session’.

CognitionX Event, London, UK. (10/06/2019). ‘From market fixing to market co-creating’.

National Institutes for Health, Bethesda, MA, United States. (06/06/2019). ‘The State and Innovation from fixing markets to co-creating’.

NESTA Rethinking Public Value Event, London, UK. (03/06/2019). ‘Getting Serious about Value’.

St Gallen Symposium, University of St Gallen, Switzerland. (09/05/2019). ‘Value of Everything:  making and taking in the global economy’.

Mme de Stael award ceremony, University of Bern, Switzerland. (08/05/2019). ‘From Market Fixing to Market Co-creation: a mission-oriented approach’.

European Commission High-Level Policy Summit on Sustainable Development, Brussels, Belgium. (08/04/2019). ‘Next Steps: Europe’s Missions for the Future’.

World Bank, Washington DC, US. (08/03/2019). Debunking the Myth of a Laggard State at Odds with the Private.

Blavatnik School of Government, University of Oxford, Oxford, UK. (31/01/2019). ‘The Value of Everything: rediscovering purpose in the economy’.

European Commission, Brussels, Belgium. (17/01/2019). ‘Shaping competition policy in the era of digitisation’.

Cabinet Office – Future Policy Network event, London, UK. (07/01/2019). ‘A Talk with Professor Mariana Mazzucato’.

Committee for Economic Development of Australia, Melbourne, Australia. (14/12/2018). ‘Rethinking the purpose of the corporation: the business of business’.

Centre for Policy Development and City of Melbourne, Melbourne, Australia. (13/12/2018). ‘Public forum: mission-led innovation’.

Centre for Policy Development John Menadue Oration, Sydney, Australia. (11/12/2018) ‘Can the State Deliver?’.

Climate-KIC Innovation Summit, Dublin, Eire. (06/11/2018) ‘The direction of economic growth: a mission-oriented approach’.

WIRED Live 2018 Event, London, UK. (01/11/2018) ‘The Value of Everything’.

University of Sheffield, Sheffield, UK. (30/10/2018) ‘2018 Knoop Annual Lecture: The Value of Everything’.

Globelics International Conference, Accra, Ghana. (25/10/2018) ‘Rethinking the Direction of Economic Growth:  a mission-oriented approach’.

BNEF-EMEA Future of Energy Summit, London, UK. (01/10/2018) ‘Financing the Green Revolution: a mission oriented approach’.

Future Cities Catapult, London, UK. (27/09/2018) ‘Innovation-led sustainable growth: a mission-oriented approach’.

Austrian Presidency of the Council of the EU, Vienna, Austria. (25/09/2018) ‘The People’s prescription:  Re imagining health innovation to deliver public value’.

Ellen MacArthur Foundation Summit 2018, London, UK.  (21/06/2018)  ‘Reimagining the direction of economic growth: a mission oriented approach’.

EU Council of the Secretariat, Brussels.  (04/06/2018)  ‘The direction of economic growth:  a ‘mission-oriented’ market shaping approach’.

5×15 event, London, UK.  (23/05/2018)  ‘The Value of Everything’.  http://5×

OECD, Paris, France.  (18/05/2018)  ‘Mission Oriented Innovation:  reframing the direction of economic growth’.

Brazilian National Academy of Sciences, Rio de Janeiro, Brazil.  (08/05/2018)  ‘Mission Oriented Innovation:  Rethinking the State’s role on the Direction of Economic Growth’.

Harvard Kennedy School seminar, Cambridge, MA, USA.  (18/3/2018)  ‘The Rate and Direction of Innovation-Led Growth: a Mission-Oriented Approach’.

Leontief Prize Ceremony acceptance speech, Tufts University, Boston, USA.  (17/3/2018)

International Monetary Fund, Washington DC, USA  (15/3/2018)  ‘The rate and direction of innovation-led growth: mission-orientation’.

Intelligence Squared Debate, London, UK (5/2/2018)  ‘Ten Years On: The Financial Crisis and the State of Modern Capitalism’.

INET Annual Conference, Edinburgh, UK (23/10/2017)   ‘Collective Value Creation:  sharing both risks and rewards’.

Mission Innovation / Clean Energy Ministerial Conference, Beijing, China (7/6/2017), ‘Green Growth: Rethinking public and private risk-taking’.

Inter-American Development Bank, Washington DC, USA (18/4/2017), ‘Sharing Risks and Rewards – a new lens on wealth creation’

ICC Conference: Beyond Technological Innovation and Diffusion, UC-Berkeley, USA, (13/12/2016) ‘Innovation Policy: from fixing markets and systems to market making and shaping’

University of Cambridge Public Policy Annual Lecture, Cambridge, UK, (06/12/2016) ‘Smart and Inclusive Growth: a new narrative on wealth creation’

8th Global Drucker Forum 2016, Vienna, Austria, (17/11/2016) ‘The State as Enabler, Innovator, Investor’

Nordic Investment Bank Financing the Future seminar, Copenhagen, Denmark, 02/11/2016 ‘Innovation Policy as Market Shaping and Creating’

16th Congress of the International Joseph A. Schumpeter Society Conference, Montreal, Canada, 07/07/2016 ‘Innovation policy: From market and system fixing to market creating,’

2016 EU-SPRI Conference, Lund, Sweden, 8/6/16 “From Market Fixing to Market Creating: a new vision for innovation policy,”

Argentinian Ministry of Science, Buenos Aries, Argentina, 21/4/16, ‘El Estado emprendedor: creación de mercados y desarrollo económico’.

14th Raul Prebisch Lecture, United Nations Commission for Latin American (ECLAC), Santiago, Chile, 19/04/2016, ‘The Entrepreneurial State: A Market Creation View of Directionality in Economic Development’.

Seminar for the European Investment Bank, Kirchberg, Luxembourg, 08/03/2016, ‘The Entrepreneurial State and the role of public banks’.

Inaugural lecture for UK Labour Party’s New Economics Series, London, UK 27/01/2016 ‘Economic Policy: from market fixing to market creating and shaping’.

Michael Young Centenary Conference, Young Foundation, London, UK, 11/11/2015, ‘Social Innovation and the Economy’.

Waterloo Innovation Summit, Opening Address, 17/09/2015, International Conference on the Role of the State in the 21st Century, Brasilia, Brazil, 03/09/2015, ‘Busting the myth of public versus private sector’

LSE Society for the Advancement of Socio-Economics Annual Conference, London, UK, 02/07/2015,‘Innovation and Inequality: a different interpretation.’ ’—london/sase-27th-annual-conference-theme_fr_202.html

Bath University, Institute for Policy Research Public Lecture, 27/04/2015, ‘Economic Policy: From Fixing Markets to Market Making,

Austrian Ministry for Transport, Innovation and Technology & the Austrian Academy of Sciences, Vienna, Austria, 10/6/2015, ‘The State and Innovation: a different narrative.’

Brazilian Congress of Industrial Innovation, São Paulo, Brazil, 13/05/2015, ‘From Finance to Innovation’,

Broadbent Institute / Atkinson Foundation, Toronto, Canada, 22/01/2015, ‘Courageous Bets and Equitable Returns: Public Investment in Innovation.’

New Statesman SPERI Prize in Political Economy, Winners Lecture, London, UK, 13/11/2014, ‘Smart growth: an innovative way to tackle inequality?’

Global Business Forum, Banff, Canada, 19/09/2014, ‘The Entrepreneurial State.’

International Schumpeter Society Conference, Jena, Germany, 28/7/2014, ‘Entrepreneurship myths, parasitic systems of innovation and rising inequality.’

Institute of New Economic Thinking (INET), Toronto, Canada, 10/07/2014, ‘Innovation: Do Private Returns Produce the Social Returns We Need?’

Cambridge University, Babbage Lecture, The Entrepreneurial State and the Risk-Reward Relationship, 04/05/14.

The Long Now Foundation, San Francisco, USA, 24/03/2014 ‘Long Term Thinking’,

European Commission Innovation Convention 2014, Brussels, Belgium, 10/03/2014,‘What Europe Stands for – Growth, jobs and rights: will the European Union rise to the occasion?’

ARPA-E, Washington DC, USA, 25/02/2014. Energy Innovation Summit; ‘Green Growth’

World Bank, Washington DC, USA, 16/10/2013, ‘Making Growth Happen’ The Risks and Rewards of Industrial Policies,

World Economic Forum, Dalian, China, 11/09/2013, Annual Meeting of the New Champions

European Science Foundation, ‘The Science of Innovation’, Brussels, 28/02/2012, ‘Financing innovation, financial innovation and the implications of the financial crisis for innovation policy’




Regular appearances in the print and broadcast media, including: BBC Newsnight; Channel 4 News; BBC World News; Bloomberg, The Financial Times, The Guardian, The New Statesman, and La Repubblica. Full media profile:

Selection of recent authored news articles

‘A year to keep promises’, Research Professional News, (15/01/2020)

‘Preventing Digital Feudalism’, Project Syndicate, (2/10/2019)

‘Labour knew austerity was wrong. Now, at last, it also has a vision for growth’, The Guardian,


‘Labour’s manifesto: economic experts’ verdict on its radical vision’, The Observer, (24/11/2019)

‘Europe’s Green Deal could be the most important in a generation’, The Financial times, (11,12,2019)

‘Industrial Policy and the Climate Challenge’, The American Prospect, (05/12/2019)

‘British industry needs its own version of the moon shot’, The Financial Times, (12/12/2018)

‘Chi manovra la collettività è la vera élite’, La Repubblica (13/01/2019)

‘Autostrade, la nazionalizzazione non è un tabù’ with Simone Gasperin, La Repubblica (31/08/2018)

‘Trump’s infrastructure plan is a pillar of his agenda. It also isn’t very smart’, The Guardian (18/06/2017)

‘Italy’s future growth hinges on new ways of doing business’, The Financial Times, (12/12/2016),

‘He’s right the economy is sick – and businesses like Trump’s are part of the disease’, The Guardian, (14/11/2016)

‘An entrepreneurial society needs an entrepreneurial state’, Harvard Business Review, (25/10/2016)

‘A strong industrial strategy has many benefits’, The Financial Times, (03/08/2016

‘If Theresa May is serious about inequality she’ll ditch Osbornomics’, The Guardian, (19/07/2016)

‘A state powered green revolution’, Project Syndicate, (10/3/2016)

‘Toward a green new deal’, Project Syndicate, (14/12/2015)

‘Autumn Statement: Osborne isn’t fixing the roof, he’s eroding the foundations’, The Guardian (25/11/2015)

‘How taxpayers prop up Big Pharma and how to cap that’, LA Times, (27/10/2015),

‘Jeremy Corbyn’s Necessary Agenda’, Project Syndicate, (29/09/2015) A translation of this article appeared in Le Monde,  (07/10/2015)

‘Solo lo spirit del dopoguerra potra salvarci dalla crisi eterna’, La Repubblica,(13/07/2015) English translation:

‘A new wealth-creating agenda for the Labour Party’, The Guardian, (15/06/2015)

‘La ricchezza giusta per la sinistra’, La Repubblica, (16/06/2015)

‘The Innovative State’, Foreign Affairs (Jan/Feb 2015)

‘Public risks, private rewards: how an innovative state can tackle inequality’, (22/10/2014) New Statesman

‘L’abissio della disuguaglianza’, La Repubblica (31/12/2014)

‘L’Europa ha una banca, la usi per la crescita’, La Repubblica, (15/12/2014)

‘Pfizer’s bid for AstroZeneca shows that Big Pharma is as rotten as the banks’, The Observer, (11/05/2014)

‘Don’t knock tax – it gave us the iPhone’, Wired UK, (24/02/2014)

‘Start-up myths and obsessions’, The Economist, (03/02/2014)

‘Let’s rethink the idea of the State: it must be a catalyst for big bold ideas’, The Guardian, (15/12/2013)

‘Serious innovation requires serious state support’, The Financial Times, (05/12/2013)

‘Why innovation needs the help of an active state’, The Financial Times (21/08/2013)

‘Innovation: let the good risk-takers get their reward’, The Guardian, (29/11/2012)

‘Without banking reform, investing in innovation is too great a risk’, The Guardian, (11/09/2012)

‘Public money spent on ‘digging ditches’ won’t stimulate the economy’, The Guardian (02/09/2012)

‘Banks must learn to reward the good risks’, The Guardian, (24/06/2012)

‘If the Eurozone is serious about growth, it can have it’, The Guardian, (17/05/2012)

‘Without state spending there’d be no Google or GlaxoSmithKline’, The Guardian, (23/07/2012)


Selection of recent news articles that review Mazzucato’s work:

Lederer, Katy (2019) “Meet the Leftish Economist With a New Story About Capitalism”, New York Times (26/11/2019)

Milton, Ash (2019) “Mariana Mazzucato Has Reinvigorated the Most Important Battle in Economics”, Palladium Magazine (21/11/2019)

“WIRED25: Stories of people racing to save us”, Wired (8/10/2019)

Donnelly, Lynley (2019) “The world renowned economist seeking to transform capitalism hopes to also help SA dream again”, Business Day (10/10/2019)

Medeiros, João (2019) “This economist has a plan to fix capitalism. It’s time we all listened”, Wired  (8/10/2019)

Franceschini, Di Enrico (2019) “Mariana Mazzucato: “Le ricette economiche populiste puniscono i più deboli”, la Repubblica (11/08/2019)

Nelson, Eshe (2019) “One of the world’s most influential economists is on a mission to save capitalism from itself”, Quartz (22/07/2019)

Hill, Andrew (2018) “Business Book of the Year 2018 — the longlist”, The Financial Times (13/08/2018)

Tooze, Adam (2018) “Mariana Mazzucato’s bold mission to reform the global economy”, New Statesman (06/06/2018)

Strauss, Delphine (2018) ‘Mariana Mazzucato on making waves as an economist and in the pool’, The Financial Times (11/05/2018)

Wolf, Martin (2018), ‘Who creates a nation’s economic value?’ A review of The Value of Everything, The Financial Times (24/04/2018)

Rumbelow, Helen (2017), ‘Don’t mess with Mariana Mazzucato, the world’s scariest economist’, Times 2, The Times London (07/11/2017) p.4, available at:

Rotifer, Robert (2016), ‘Privat versus Staat – mehr als Gut gegen Böse’, Wiener Zeitung (12/08/2016)

Palaiologos, Yannis (2016), ‘Mariana Mazzucato: the Public and Private Sectors must coexist‘, Kathimerini (22/05/2016)

Ramalho, Andre (2016) ‘Investir em inovação é parte da solução para crise fiscal afirma pesquisadora’, Valor Economico (06/04/2016)

Schmit, Von Laurent (2016) ‘Mythen der Innovation’, Luxemburger Wort (12/03/2016)

Roueché, Thomas (2016) ‘When the bubble bursts’, TANK magazine (10/02/2016)

Editorial Column (2016), ‘Learn the lessons of 2008 before the next slump hits’, The Guardian (28/01/2016)

Perkins, Anne (2016), ‘Labour’s economic rock stars will expose the Tories as a one-hit wonder’, The Guardian (27/01/2016)

Foroohar, Rana (2015), ‘Why you can thank the government for your iPhone,’ TIME, (27/10/2015),

Saunders, Doug (2015), ‘The Question of Election 2015: Can Government Create Jobs and Growth?’, Canada Globe and Mail (11/09/2015)

Schaffer, Amanda (2015), ‘Tech’s Enduring Great-Man Myth’, MIT Technology Review, (04/08/2015)

Thornhill, J. (2015), ‘Lunch with the FT: Mariana Mazzucato’, Financial Times, (14/8/15)

Porter, E. (2015) ‘Government R&D, private profits and the American taxpayer’, The New York Times (26/05/2015)

Madrick, J. (2014) ‘Innovation: The Government was Crucial Afterall’, New York Review of Books, (21/07/2014)

Tritch, T. (2014) ‘America’s Underappreciated Entrepreneur: The Federal Government,’ The New York Times (23/03/2014) available at:

The Economist (2013) ‘The Entrepreneurial State,’ Schumpeter column and blog. The Economist (31/08/2013) available at:|a&fsrc=scn/tw_app_ipad

Wolf, M. (2013) ‘The State is the real engine of innovation,’ The Financial Times (08/08/2013) p.8, available at:

Toynbee, P. (2012), ‘Government force for good’, The Guardian (10/06/2013)

Upbin, B. (2013), ‘Debunking the narrative of Silicon Valley’s innovation might’, Forbes (13/062013)

Freeland, C. (2013), ‘Eye-opener for the elite on inequity’, New York Times (13/06/2013)

Hilton, A. (2013), ‘To be more like Americans, Europe should do what they do, not what they say they do’, The Independent (25/02/2012)

Pagano, M. (2012), ‘The unknighting of Fred Goodwin can only be redeemed by genuine reform’, The Independent (05/02/2012)

Williams, Z. (2012), ‘On capitalism we lefties are clueless – it’s not just a rightwing caricature’, The Guardian (29/02/ 2012)

De Gruyter, C. (2012), ‘European governments must do more to spend money’, NRC Handelsblad (03/2012)

Cookson, C. (2012), ‘Science’s own financial crisis’, The Financial Times (17/02/2012)


Personal and Contact Information

Born June 16, 1968 in Rome Italy, dual US and Italian citizenship, married with 4 children

University College London

11 Montague Street, London,



Website: Twitter @MazzucatoM

Administrative Support:, Tel. +44-(0)203 108 6173

Communications/media support: Tel. +44 (0)203 108 6121