Economics - Innovation - Inclusive Growth - Public Purpose


Mariana Mazzucato is Professor in the Economics of Innovation and Public Value and Director of the Institute for Innovation and Public Purpose (IIPP), University College London (UCL). Her work is focused on the economics of innovation; the role of the State in modern capitalism; finance and economic growth; and how to make that growth more inclusive.

Her research is currently funded by two large grants from the European Commission’s Horizon 2020 programme. Distributed Global Financial Systems for Society (Dolfins) looks at the relationship between the financial eco-system and different directions of economic growth. Innovation-fuelled, Sustainable, Inclusive Growth (ISIGrowth), uses agent-based modelling and other methods to explore the linkages between innovation policy and fiscal policy to achieve smart, sustainable and inclusive growth. Between 2009-2012 she directed a large 3 year EC FP7 funded project on Finance, Innovation and Growth (FINNOV).

Other recent projects include Financing Innovation: An application of a Keynes-Schumpeter-Minsky Synthesis, funded by the Institute for New Economic Thinking, and a project on the Entrepreneurial State and Value Creation funded by the Ford Foundation. This work is the basis of a new book she is writing called The Value of Everything (Penguin Allen-Lane, forthcoming 2018). Mazzucato also works actively with policy-makers around the world on mission oriented innovation policy with current projects for NASA, the European Space Agency and the Brazilian Government.