Mariana Mazzucato - Bartlett International Lecture Series

The direction of economic growth: from market fixing to market shaping

Lecturer's Abstract

Economic growth has not only a rate but also a direction. That direction is an outcome of how different actors come together to co-shape and co-create markets. And yet economic theory limits the role of the public sector to only ‘fixing’ markets. The talk will reflect on how public value can influence the way in which public purpose is used to co-create markets, in particular through a ‘mission-oriented’ approach

Biography

Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at UCL, and is Founder and Director of the UCL Institute for Innovation & Public Purpose (IIPP). She advises policy makers around the world on innovation-led inclusive growth, including a special advisory role to the EC.

She is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis, and the 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.

Her highly-acclaimed book The Entrepreneurial State: debunking public vs. private sector myths was on the 2013 Books of the Year list of the Financial Times. Her new book The Value of Everything: making and taking in the global economy has just been released. It has been shortlisted for this year’s Financial Times and McKinsey Business Book of the Year prize.