What if, from Silicon Valley to medical breakthroughs, the public sector has been the boldest and most valuable risk-taker of all? Mariana Mazzucato talks debunking myths.
Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She is winner of international prizes including the 2020 John Von Neumann Award, the 2019 All European Academies Madame de Staël Prize for Cultural Values and 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the '3 most important thinkers about innovation' by the New Republic and one of the 25 leaders shaping the future of capitalism by Wired. Her highly-acclaimed book The Entrepreneurial State: debunking public vs. private sector myths (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. She advises policy makers around the world on innovation-led inclusive and sustainable growth. Her current roles include being a member of the Scottish Government's Council of Economic Advisors; the South African President's Economic Advisory Council; the OECD Secretary General's Advisory Group on a New Growth Narrative; the UN's Committee for Development Policy (CDP). Through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation, she authored the high impact report on Mission-Oriented Research & Innovation in the European Union, turning "missions" into a crucial new instrument in the European Commission's Horizon innovation programme.