Economics - Innovation - Inclusive Growth - Public Purpose

Blogs About Mazzucato

Horizon Europe will connect the public to European science

Horizon Europe will connect the public to European science

“‘And then there’s this idea of linking what we do to people. The idea of the missions, which comes from the work of the economist Mariana Mazzucato, is exactly to create ways of communicating better to the people what we do (in European science and research)” Carlos Moedas

¿Por qué impulsar la innovación orientada por misiones?

¿Por qué impulsar la innovación orientada por misiones?

“La idea de que el crecimiento económico no solo tiene una tasa sino una dirección, y que la innovación orientada por misiones debe estar al centro de las estrategias de crecimiento, está dando la vuelta al mundo, con la economista Mariana Mazzucato como una de sus principales promotoras.”

What has the iPhone got to do with inequality? Oxfam Book Review blog

What has the iPhone got to do with inequality? Oxfam Book Review blog

“Mazzucato mostly writes about technological and industrial innovations… which vividly illustrates particular ways in which the two sectors are played out against each other. I was hoping this book would inform the way I, as a non-expert, think about links between both spheres and perhaps better grasp how tax avoidance and inequality fit into the picture. I was not disappointed.” Franziska Mager 

Science and the Entrepreneurial State

Science and the Entrepreneurial State

“There you have it: nobody but the “Entrepreneurial State,” through approaches already successfully tested in the US or novel ones, can afford to be crazy enough, foolish enough, to fund curiosity-driven research, basic research, fundamental research, whatever you want to call it!” Dr. Jean-Claude Worms

Bon. Maintenant, réinventons le capitalisme!

Bon. Maintenant, réinventons le capitalisme!

“Mme Mazzucato, donc, considère qu’il est grand temps de réinventer le capitalisme, en veillant à ce que tout un chacun en bénéficie, et non plus une infime partie des gens au détriment de la majorité des autres.”

The most popular economists in the House are

The most popular economists in the House are

“After I cited Mariana Mazzucato when setting out Labour’s vision of an industrial policy I wondered which other economists were cited in parliament and what that said about the economic influences on our parliamentary debates… It looks as if Adam Smith and Keynes generally battle it out for first place with Stiglitz and Friedman in third and fourth but Mazzucato is now level with Marx and rising.” Chi Onwurah MP

Mazzucatonomics

Mazzucatonomics

“La profesora Mazzucato ha sido una luz en medio de la oscuridad de la ortodoxia y la austeridad… Para Mazzucato, el motor primigenio de la innovación disruptiva, la esencia misma del capitalismo, se activa mediante inversión pública en proyectos estratégicos que jamás financiaría el mercado por su nivel de riesgo.” Xavier Ferras

Toward a more durable form of globalization, beyond ‘neoliberal’ negligence

Toward a more durable form of globalization, beyond ‘neoliberal’ negligence

“As Mazzucato and Jacobs assert, we can indeed have the economy and the society that we actively choose to build: Well-targeted policies can both propel the leaders of the global economic contest and ease the plight of those who are momentarily on globalization’s downside.” Christopher Colford

Wo ist der Staat in deinem iPhone?

Wo ist der Staat in deinem iPhone?

“Mazzucato erklärt das so: Technologien lange vor der Marktreife mit großen Summen zu unterstützen, zahlt sich für private Investoren einfach nicht aus. Viel zu groß ist das Risiko, dass doch nichts daraus wird. Viel zu lange die Zeitspanne, bis Geld aus der Investition zurückfließen könnte.” Patricia Huber

The Abdication of the Left

The Abdication of the Left

“The good news is that the intellectual vacuum on the left is being filled, and there is no longer any reason to believe in the tyranny of ‘no alternatives’. Politicians on the left have less and less reason not to draw on ‘respectable’ academic firepower in economics.” Dani Rodrik

Government Holds the Promise of Faster Growth

Government Holds the Promise of Faster Growth

“Mariana Mazzucato, who champions the idea that government research is behind most of our major innovations… has been joined by some very heavy hitters: Daron Acemoglu of Massachusetts Institute of Technology and James Robinson of the University of Chicago.” Noah Smith

Future growth efforts should be driven by experimentation

Future growth efforts should be driven by experimentation

“Mazzucato argues that politicians need to have the courage to play the long game by focusing on the key technologies and approaches that are going to fuel business innovation in the long term.” Christian Bason

Ideas boom or innovation bust? Could Australia’s ‘ideas agenda’ stifle real innovation?

Ideas boom or innovation bust? Could Australia’s ‘ideas agenda’ stifle real innovation?

“As science policy researchers, including the recent work of Mariana Mazzucato have shown, the assumption of thriving entrepreneurial start-ups is more ideological myth than reality. In reality, most research and development is undertaken by large firms, and Australia’s large firms – many in the mining and agricultural sector – have not been big spenders on R&D.” Kanishka Jayasuriya and Carol Johnson

The Traveling Salesman President in Cuba

The Traveling Salesman President in Cuba

“Oddly enough, the whole millennial-entrepreneur-neo-liberal-capitalism solution theme fails to mention the very important and central role of the state in subsidizing such developments. Mariana Mazzucato has noted in the book The Entrepreneurial State: Debunking Public vs Private Sector Myths the central part played by state funding in all of these so-called business entrepreneurship.” Nelson Valdes

New Challenges For The Left In Malcolm Turnbull’s ‘Disruption Narrative’

New Challenges For The Left In Malcolm Turnbull’s ‘Disruption Narrative’

“Universities, now becoming a tool for commercialisation, must be returned to their roots as institutions of social mobility and collegiality. Universities should be connected to both industry and community.
In the near-term, the left needs to remind voters of the role of Government in promoting innovation – see Mariana Mazzucato’s The Entrepreneurial State.” Aden Date

Lessons from Lerchendal on how to use innovation policy to tackle change

Lessons from Lerchendal on how to use innovation policy to tackle change

“I had the pleasure of taking part in two interesting days at the Lerchendal conference in Trondheim this week. For me the most interesting part was listening to Mariana Mazzucato redefining the role of innovation policy in technological and social change.” Per Koch

The ‘public’ and the ‘private’ in the shaping of markets

The ‘public’ and the ‘private’ in the shaping of markets

“And yet that notion – that the ‘private sector generates wealth while the public sector spends it’ – is near ubiquitous in contemporary policy discourse, as pervasive as it is stultifying and specious. It was, however, subjected to a sustained attack by Mariana Mazzucato in her much-discussedThe Entrepreneurial State: Debunking Public vs. Private Sector Myths.” Paul Gilbert

What happened at John McDonnell’s first New Economics event?

What happened at John McDonnell’s first New Economics event?

“The New Economics debate series, announced by John McDonnell earlier this month, formally launched on Tuesday with a powerhouse lecture by Mariana Mazzucato, a member of Labour’s star-studded Economic Advisory Committee.” Louie Woodall

Different Gear: Innovation ain’t what it used to be

Different Gear: Innovation ain’t what it used to be

‘The economist Mariana Mazzucato has written extensively about how … state institutions and state-led partnerships can take bigger risks.’ … ‘The state is better placed to be a venture capitalist than most venture capitalists.’ Craig Ryan

Mariana Mazzucato makes the case for the Entrepreneurial State

Mariana Mazzucato makes the case for the Entrepreneurial State

“Wielding a mass of data and sharply honed arguments, [Professor Mazzucato] dismantles the notion of the laggard state at odds with a dynamic private sector, asserting that, in fact, the opposite is true: The private sector finds the courage to invest and innovate only after the state has made the initial high-risk investments.”

Corbynomics’ Thatcher moment

Corbynomics’ Thatcher moment

“The panel includes Joe Stiglitz, the US Nobel prize-winner, Simon Wren-Lewis, Mariana Mazzucato, Danny Blanchflower and Thomas Piketty.
These are economists who’ve written powerfully about the need for new taxes, especially on the wealth of the rich (Piketty most famously) and on the role that governments can play in sparking wealth-creating innovation (a tour de force by Mazzucato).” Robert Peston

Angel Investing, Government-Style

Angel Investing, Government-Style

“Should the government be an angel investor? Mariana Mazzucato thinks so… [she] argues that government funding is essential to the research and development that creates the companies of tomorrow.” Noah Smith

Putting the ‘New Deal’ into climate R&D

Putting the ‘New Deal’ into climate R&D

by Izabella Kaminska and Angel Lindsay, FT Alphaville

“Mazzucato’s core view therefore is that policymakers must think big and intervene on levels that can shape and forge markets from scratch. But also, most importantly, to ensure that once these markets prove profitable that returns don’t get entirely coopted by megalithic private companies which never took the initial risk.”

Europe’s Greatest Challenge? Understanding Its Mandate

Europe’s Greatest Challenge? Understanding Its Mandate

by Ben Gwalchmai, The Huffington Post Blog

“Mariana Mazzucato, professor of economics at the University of Sussex, has argued recently on America’s PBS that it isn’t austerity that Greece needs but public spending and that Germany is the leading example of why.”

Não pode permitir que o setor privado determine as regras e fique reclamando

Não pode permitir que o setor privado determine as regras e fique reclamando

by Rodrigo Barbosa de Vasconcelos, O Jornal de Todos os Brasis

“A economista e PhD Mariana Mazzucato, professora de Economia da Inovação da Science Policy Research Unit (SPRU), da Universidade de Sussex, no Reino Unido, disse que o setor privado brasileiro precisa de mais pesquisa e desenvolvimento para ser mais competitivo.”

Bill Gates, Steve Jobs? Tudo começou no Estado!

Bill Gates, Steve Jobs? Tudo começou no Estado!

by Conversa Afiada

“Para a PhD Mariana Mazzucato, o Brasil tem que chamar o setor privado à frente. “As empresas brasileiras fizeram pouquíssimos investimentos em pesquisa e desenvolvimento. Há muita inércia. Então, em vez de ficarem focando nos problemas do setor público vocês deveriam provocar o setor privado”, defendeu a PhD”

De ondernemende staat

De ondernemende staat

by Marketives

“In het boek ‘The Entrepeneurial State’ maakt Mariana Mazzucato korte metten met bovenstaande ideeën en overtuigingen. Uit haar verhaal blijkt namelijk dat echte radicale innovatie bijna altijd bij de overheid vandaan komt. Overheden blijken gewaagde investeringen te doen en innovatieve denkers op de loonlijst te hebben staan.”

Google Antitrust Case: Can European Institutions Do Anything Other Than Investigate U.S. Tech Companies?

Google Antitrust Case: Can European Institutions Do Anything Other Than Investigate U.S. Tech Companies?

by Andrea Stroppa, The Huffington Post

“In her 2013 book dispelling the private vs. public sector myths, Mariana Mazzucato, Professor of Science and Technology at the University of Sussex, clarifies that while it is true that most of today’s major technologies were born in the Silicon Valley, they were actually developed thanks to public funds directly provided by the US government. Therefore public institutions should always protect and promote innovation, particularly in our borderless high-tech landscape.”

‘Mission-oriented’ strategies to invest in innovation: Competitiveness via an enterprising public sector

‘Mission-oriented’ strategies to invest in innovation: Competitiveness via an enterprising public sector

by Christopher Colford, World Bank Blog

” “This is the most extraordinary collection of talent, of human knowledge, that has ever been gathered – with the possible exception of when Thomas Jefferson dined alone.” That quip sprang readily to mind this week – it was coined in 1962 by President John F. Kennedy, when he welcomed a group of Nobel laureates to the White House – at a paradigm-shifting, synapse-snapping seminar featuring Prof. Mariana Mazzucato and other leading economics scholars, who convened for a think-tank symposium on innovation policy and competitiveness strategy.”

Waarom Slow Innovatiebeleid een goed idee is

Waarom Slow Innovatiebeleid een goed idee is

by Audrie Van Veen, Europeanology

“Overheden moeten inspirerende doelen stellen voor innovatie, zegt Marianna Mazzucato, terwijl ze een aantal innovatiemythes doorprikt. Wat kunnen steden en regio’s hiervan leren?”

English version

STATO COGNITIVO

STATO COGNITIVO

by Claudio Bocci, Il Giornale delle Fondazioni

“Grande successo per la tesi del fortunato testo «Lo Stato innovatore» di Mariana Mazzucato, romana di nascita e inglese d’adozione, secondo la quale la crescita di un paese sia una variabile dipendente, prima ancora che della quantità, della composizione della spesa pubblica.”

Jobs act: Mazzucato vs Guidi

Jobs act: Mazzucato vs Guidi

by NDPIM, Novelle Del Piccolo Imprenditore Marchigiano

“Quale sarà la verità? Proviamo prima a capire chi sono queste due signore. La signora sulla sinistra è Mariana Mazzucato docente di economia all’università del Sussex. La signora sulla destra è Federica Guidi neo ministro dello sviluppo economico e rampollo della migliore imprenditoria italiana. Tra le due signore c’è una certa diversità di vedute su come dovrebbero girare le ruote dell’economia.”

From Welfare State to Innovation State

From Welfare State to Innovation State

by Dani Rodrik, Project Syndicate.

“As Mariana Mazzucato has pointed out, the state already plays a significant role in funding new technologies. The Internet and many of the key technologies used in the iPhone have been spillovers of government subsidized R&D programs and US Department of Defense projects.”

 

LEAP Economics

LEAP Economics

by Andrew Fisher and Mick Brooks, LEAP Economics

“Mazzucato detonates a grenade under the Friedmanite discourse about markets, busting the myth that innovation, entrepreneurialism and dynamism are the preserve of the private sector and the state is a brake on those attributes.”

No, the markets won’t ‘fix’ climate change for us

No, the markets won’t ‘fix’ climate change for us

by Linda McQuaig, iPolitics.ca

Mazzucato describes the state’s pivotal role in developing the computer industry, the Internet, nanotech, biotech, the emerging green tech sector — even the algorithm that was crucial to the success to Google.”

Rosetta Sees Innovation Return To Europe

Rosetta Sees Innovation Return To Europe

by Tom Cheshire, Sky News

“As Mariana Mazzucato shows in her book The Entrepreneurial State, the core technologies that make up the iPhone, from GPS to the touchscreen, were the result of government research.”

Sinistra Immaginaria – Blog by Articolo 21 on Lo Stato Innovatore launch event

Sinistra Immaginaria – Blog by Articolo 21 on Lo Stato Innovatore launch event

by Vincenzo Vita, Articolo 21

“Le richieste del governo a Bruxelles di rinviare, rinviare sono la plateale dimostrazione dell’assurdità di quei voti parlamentari nella passata legislatura: eccessi di zelo, neppure richiesti. Un’alternativa economica si fonda sul rovesciamento della soggezione al mercato e al privato. E’ la tesi chiara e convincente di Mariana Mazzucato ne “Lo Stato innovatore” (ed. Laterza, Roma-Bari, 2014).”

Hub Magazine blog

Hub Magazine blog

by Luigi Cristiani, “La mano invisibile è quella dello Stato?”

“Proprio sull’antitesi degli investimenti in R&S si inserisce il libro della The Entrepreneurial State di Mariana Mazzucato, docente di Economia dell’Innovazione allo Spru (Science and Technology Policy Research) presso l’Università del Sussex, tradotto in italiano con il titolo “Lo stato innovatore”.”

the hill blog

the hill blog

by Robert Atkinson,  “Winners only the state can pick: Mariana Mazzucato’s The Entrepreneurial State”

Mariana Mazzucato‘s The Entrepreneurial State is a book with an ambitious goal: to take our understanding of our government’s role in the economy and turn it on its head. Mazzucato argues that the state is an innovative, entrepreneurial actor in ways that the private sector cannot be, because only the state possesses the vision, resources and long-term commitment necessary to facilitate large-scale or speculative innovation.”

Tropics of Meta

Tropics of Meta

by Alex Sayf Cummings, “I Paid for Your iPhone: Mariana Mazzucato’s Spirited Defense of the Public Sector and Its Crucial Role in Innovation”

“Troubled schools? Privatize them. Social Security in trouble? Turn it over to Wall Street. Healthcare costs out of control? Add in more “markets,” and stir. Mariana Mazzucato is here to change all that. Like Piketty, the University of Sussex economist is determined to change the discussion about economics and innovation.”

information.dk

information.dk

by Mette Rodgers, “Staten er innovationens stærkeste motor”

“Det er dybt skadeligt, at staten konstant angribes for at være for stor, for dyr, uøkonomisk og magtfuld, mener professor i innovationsøkonomi Mariana Mazzucato. Det kvæler statens vigtige rolle som igangsætter inden for forskning og innovation, siger hun”

Huffington Post Green blog

Huffington Post Green blog

by Clint Wilder, “Exploding the Myth That Government Can’t Innovate”

“And rarely have I heard this conventional wisdom debunked as eloquently and passionately as by economist and professor Mariana Mazzucato, a keynote speaker at the fifth annual ARPA-E Energy Innovation Summit outside Washington, D.C. late last month.”

Het Financieele Dagblad blog

Het Financieele Dagblad blog

by Frank Gersdorf, “Geen boodschap zonder boodschapper”

“Vorige week was professor Mariana Mazzucato in Nederland. Een innovatiegoeroe van formaat. Van Italiaanse komaf, nu hoogleraar aan de Universiteit van Sussex in Brighton. Ze sprak voor een gezelschap van financiële professionals in de sfeervolle oude raadzaal van het vroegere stadhuis in Amsterdam, nu The Grand.”

Mike King’s ethical capitalism blog

Mike King’s ethical capitalism blog

by Mike King,  “Hamiltonians 1 – Jeffersonians 0: The Entrepreneurial State”

“Mazuccato’s outstanding contribution to this debate lies in taking Apple, a poster-boy for laissez-faire, and showing how some of its most lucrative products were deeply dependent on State-funded research and State start-up funding, the outcomes of ‘Hamiltonian’ policy.”

World Bank blog

World Bank blog

by Christopher Colford, “Innovator-in-Chief: The Public Sector – Catalyst of Creativity”

“Propelling leading-edge ideas about competitiveness, Professor Mariana Mazzucato will be among the luminaries at a major conference at the World Bank in mid-October, organized by the Bank’s global practice on Competitive Industries. An all-star array of policymakers, academics, business leaders and development practitioners will focus on today’s top global economic-policy challenge: spurring growth and job creation.”
Keynes blog

Keynes blog

by Keynesblog, “Elogio dello Stato innovatore”

(article in Italian)
“Da internet al Gps, dalle batterie allo schermo touch. Senza la ricerca pubblica l’iphone non sarebbe mai nato. Steve Jobs ha integrato tecnologie già prodotte dallo Stato in un oggetto commercialmente appetibile, evitando il rischio di investimenti senza un chiaro ritorno immediato. Mariana Mazzucato, nota studiosa italo-americana sui temi dell’innovazione, smonta molti dei luoghi comuni sul ruolo dello Stato.”

Public Finance blog

Public Finance blog

by Judy Hirst, “Don’t tell Sid”

“This is where ‘Plan H’ – as the chancellor has dubbed Lord Heseltine’s growth review – could come in. As the former minister for Merseyside argues in July/August’s special CIPFA conference issue of Public Finance, free market orthodoxy is ‘simplistic’ and ‘naïve’. A much more interventionist approach is needed to rebalance the economy, he says; a point underscored by Mariana Mazzucato’s analysis of the ‘entrepreneurial state’ in the same issue.”
Le Monde blog

Le Monde blog

by Flore Vasseur, “TEDGlobal 2013 : Trois idées pour reprendre la main sur l’économie”

(blog in French)
“L’économiste britannique Mariana Mazzucato, dont le livre « The entrepreneurial state » vient de paraître, est fatiguée de la rhétorique lancinante :  en matière d’innovation, il y aurait d’un côté, le secteur privé, créatif, dynamique et de l’autre le secteur public, le paradis du technocrate, le « Léviathan » selon The Economist.”
che futuro blog

che futuro blog

by Persico and Iavonesi, “Il TED dietro le quinte/2| Chi finanzia la vera innovazione? Lo Stato”

(blog in Italian)
“E fra gli interventi più interessanti, senza un filo di campalinismo, scegliamo quello di Mariana Mazzucato. Docente di economia presso la University of Sussex (UK), Mariana Mazzucato padroneggia perfettamente il palco ed è a suo agio mentre presenta al pubblico di TED il frutto della sua ricerca contenuta nel suo ultimo libro di prossima pubblicazione, “The Entrepreneurial State”.”

The Guardian blog

The Guardian blog

by Stian Westlake, “British higher education’s Hayek appreciation club”

“Sometimes you’ll hear calls for greater intervention, or indeed for outright revolution: British academia is after all a broad church. But some kind of industrial activism is the baseline, especially among non-economists. It’s a view of the world that wouldn’t be out of place in a column by Will Hutton, Larry Elliott or Mariana Mazzucato.”

case blog

case blog

by CaSE, “What’s driving the UK’s innovation system?”

“The REF also came under fire from other attendee as being a large drain on time and no longer a suitable assessment framework. One of the key points raised was that researchers are now so familiar with the system that it can be gamed and manipulated. However as Professor Mariana Mazzucato from the Science Policy Research Unit (SPRU) at the University of Sussex pointed out, REF assesses at a departmental rather than university level. It thereby takes into account situations where highly successful departments exist within what may be viewed as mediocre universities, ensuring that money is not secured purely on the basis of university reputation.”
Keynes blog

Keynes blog

by Keynesblog, “Alesina e Giavazzi sbagliano: Stato e innovazione sono come marito e moglie”

(blog in Italian)
“C’è bisogno, invece, di uno stato ‘imprenditore’, di un attore che cioè possa farsi carico di quegli oneri di cui si è detto e che un’impresa non potrà mai accollarsi, come bene spiega Mariana Mazzucato nel pamphlet “The entrepreneurial state” (2011), richiamando in proposito diverse esperienze maturate (peraltro) negli Stati Uniti e nel Regno Unito, e facendo notare – appunto – che in tutta una serie di aree tecnologiche chiave (elettronica, informatica, biotech) nessuna iniziativa imprenditoriale avrebbe visto la luce se l’attività più rischiosa (e costosa) del porre le fondamenta non fosse stata portata avanti dall’iniziativa pubblica.”
DUB opinion blog

DUB opinion blog

by Frank Miedema, “Professor Mazzucato legt het nog één keer uit”

(blog in Dutch)
“Nee, vier keer nee. Dat maakt deze regio’s niet tot voorbeelden, maar wat dan wel? Alleen zij die zich ooit verdiept hebben in de geschiedenis van MIT en Stanford weten het antwoord. Professor Mariana Mazzucato (University of Sussex, Brighton) legt het daarom overal ter wereld en in de NRC van afgelopen zaterdag nog een keer uit. Het zijn de overheden geweest die met grote en langdurige investeringen in nieuwe technologieën de eerste risico’s hebben genomen om te investeren. De ondernemers, onderzoekers en zelfs de durfinvesteerders “hebben meegesurfd op die golf van overheidsinvesteringen”, zegt Mazzucato.”
Yanis Varoufakis blog

Yanis Varoufakis blog

by Yanis Varoufakis, “In Praise of Public Investment: On the importance of Mariana Mazzucato’s article in The Guardian”

“Two are the greatest untruths that have inflicted major damage upon our understanding of how social economies work; and, by extension, upon our societies. First, there is the pseudo-‘law’ of ‘crowding out’; i.e. the illusory belief that when public investment increases private investment suffers. Secondly, there is a widespread misconception that, under capitalism, value is created privately and then collectivised via the state (when, in truth, all value is produced collectively before it is privatised). In this post, taking my cue from Mariana Mazzucato’s excellent piece in today’s The Guardian, I shall be posting some strong words against the first illusion.”

Research blog

Research blog

by Miriam Frankel, “UK in bottom half of global R&D tax credit ranking”

“TIF is a non-profit think tank based in Washington, DC, which advises government. The report, written for a US audience, calls on the United States to boost R&D tax credit availability to support innovation. Mariana Mazzucato, professor of science and technology policy at the University of Sussex’s Science Policy Research Unit, told Research Fortnight Today that there is no real evidence that R&D tax credits create innovation that wouldn’t happen anyway.”
Reciprocal Space blog

Reciprocal Space blog

by Stephen Curry, “The Entrepreneurial State by Mariana Mazzucato”

“[…]The case for public spending on basic R&D is taken as read. Rather what Mazzucato is keen to address is the role of the state in enabling research discoveries to be developed into new products and even, in the most influential cases, new markets. Rather than simply charting the well-known anecdotes of blue-skies research leading to successful businesses (admirably covered in the 2010 Royal Society Report, The Scientific Century), this short book aims to dissect how that process happens most effectively.”

Business Green blog

Business Green blog

by Jessica Shankleman and James Murray, “Treasury urged to boost green economy through Clegg’s infrastructure drive”

 “His [Dimitri Zenghelis] comments were echoed by Sussex University’s Professor Mariana Mazzucato who told Smith that it was a ‘real tragedy’ the Green Investment Bank would not be able to operate properly as a bank with full borrowing powers until 2016 at the earliest. ‘If by 2015 we are still not going to be investing [at the required scale] we are going to be in a lot of trouble,’ she said. ‘[The bank] could provide the confidence needed to unlock the hoarding of capital that is going on at many businesses.’ “
Business Green blog

Business Green blog

by James Murray, “High net worth individuals, the Valley of Death, and the ‘tragedy’ of the Green Investment Bank”

“Last night, I had an evening that simultaneously proved both enjoyable and really quite depressing. The conflicting emotions came courtesy of the latest Green Alliance debate on Green Innovation and what the UK needs to do to deliver it. The enjoyable aspect was the result of one of the most informed and articulate panels I have seen gathered to talk on this topic, featuring the coalition’s youngest minister, Conservative MP and Treasury Minister Chloe Smith, former chairman of Shell and current chair of the Carbon Trust James Smith, Mark Preston of leading green venture capitalist WHEB Partners, and the staggeringly eloquent economist and occasional Newsnight contributor Professor Mariana Mazzucato.”
Touch Stone blog

Touch Stone blog

by Tim Page

“Then, in the ‘Comment and Debate’ section of the Guardian, the always-impressive Mariana Mazzucato debunks the argument that growth can be brought about by “structural reforms”, such as cutting red tape or making it easer to hire and fire workers. Mariana points out that those companies which invest in new technology, human capital and R&D, and are located in countries where public spending in these areas is high, are able to produce more competitive and better value products. She also highlights that Scandinavia, with its large welfare state and stringent labour laws, has been crisis-resilient because it invests in innovation.”

Mr Web.com

Mr Web.com

by mrweb.com, “Study Probes Role of Finance in the Economy”

“Prof Mariana Mazzucato says that the challenge is to understand the complex role of finance in the real economy and investigate how differences (such as those in shareholder attitudes) between the institutions and the economic participants (such as investors, shareholders and consumers) involved govern this relationship.”