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Mariana Mazzucato

Involvement

(PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL (IIPP). She received her BA from Tufts University and her MA and PhD from the Graduate Faculty of the New School for Social Research. Her previous posts include the RM Phillips Professorial Chair at the Science Policy Research Unit (SPRU) at Sussex University. She is a selected fellow of the UK鈥檚 Academy of Social Sciences (FAcSS) and of the Italian National Science Academy (Lincei).

She is winner of international prizes including the , the 2019 , and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the ‘’ by The New Republic, in 2020 by Fast Company, and of the 25 leaders shaping the future of capitalism by WIRED.

Her highly-acclaimed book (2013) investigates the critical role the state plays in driving growth—and her book The Value of Everything: making and taking in the global economy (2018) looks at how value creation needs to be rewarded over value extraction. Her latest book will be released on 28 January in the UK (Allen Lane) and 23 March in the US (Harper Collins).

She advises policy makers around the world on innovation-led inclusive and sustainable growth. Her current roles include being Chair of the World Health Organization’s Council on the Economics of Health for All and a member of the Scottish Government鈥檚 Council of Economic Advisors; the South African President鈥檚 Economic Advisory Council; the OECD Secretary General鈥檚 Advisory Group on a New Growth Narrative; the UN鈥檚 Committee for Development Policy (CDP), Vinnova鈥檚 Advisory Panel in Sweden, and Norway鈥檚 Research Council. She is a Special Economic Advisor for the Italian Prime Minister (2020), and through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation (2017-2019), she authored the high impact report on , turning 鈥渕issions鈥 into a crucial new instrument in the European Commission鈥檚 Horizon innovation program.

By this expert

Wealth Creation and the Entrepreneurial State

Paper Conference paper | | Oct 2017

Building symbiotic public-private partnerships

Why Economic Recovery Requires Rethinking Capitalism

Article | Nov 15, 2016

Mission-oriented public investment is vital to spur a revival of private-sector investment

Mission-Oriented Finance for Innovation: new ideas for investment-led growth

Article | Mar 19, 2015

“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” John M. Keynes, The End of Laissez Faire, 1926 (p. 44)

Beyond Market Failures The Market Creating and Shaping Roles of State Investment Banks

Paper Working Paper Series | | Jan 2015

Recent work has highlighted the need for innovation investments to be understood through a mission oriented approach rather than a market failure one (Foray et al. 2012). However, this work has only focused on state agencies, such as DARPA, overlooking the role of public financial institutions such as state investment banks.

Featuring this expert

YSI 2020 Plenary: New Economic Questions

Young Scholars Initiative Virtual Plenary

YSI Event Plenary YSI | Nov 6–15, 2020

What are the 100 most pertinent economic questions facing our global societ?

The Government as an Entrepreneur

Video | Mar 7, 2018

Mariana Mazzucato argues that the idea that entrepreneurship is confined to the private sector is wrong.

The Edinburgh Reporter: Call for green investment to transform Scotland鈥檚 economy

News Oct 23, 2017

INET Chairman Adair Turner and Grantee Mariana Mazzucato comment on the Friends of the Earth Scotland event and a green economic transition.

Reawakening

From the Origins of Economic Ideas to the Challenges of Our Time

Event Plenary | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.