Mariana Mazzucato

Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL) where she is the Founding Director of the UCL IIPP.

Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). Her previous posts include the RM Phillips Professorial Chair at the Science Policy Research Unit at Sussex University.

She is winner of international prizes including the Grande Ufficiale Ordine al Merito della Repubblica Italiana in 2021, Italy's highest civilian honour, the 2020 John von Neumann Award, the 2019 All European Academies Madame de Staël Prize for Cultural Values, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. Most recently, Pope Francis appointed her to the Pontifical Academy for Life for bringing ‘more humanity’ to the world.

As well as The Entrepreneurial State: debunking public vs. private sector myths (2013), she is the author of The Value of Everything: making and taking in the global economy (2018), Mission Economy: a moonshot guide to changing capitalism (2021) and The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies (2023).

She advises policy makers around the world on innovation-led inclusive and sustainable growth. Her roles have included for example Co-Chair of the Group of Experts for the G20 Taskforce on a Global Mobilization against Climate Change, Chair of the World Health Organization's Council on the Economics of Health for All, Co-Chair of the Global Commission on the Economics of Water, Co-Chair on the Council on Urban Initiatives, and member of the South African President’s Economic Advisory Council. Previously, through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation (2017-2019), she authored the high-impact report on Mission-Oriented Research and Innovation in the European Union, turning “missions” into a crucial new instrument in the European Commission’s Horizon innovation programme, and more recently, authored a report with the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) on Transformational Change in Latin America and the Caribbean: A mission-oriented approach.

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Selected Publications

For a full list of publications visit Professor Mazzucato's UCL profile.

Books

• Mazzucato, M. and Collington, R. (2023). The Big Con: How the Consulting Industry Weakens Our Businesses, Infantilizes Our Governments, and Warps Our Economies. London: Penguin Allen Lane, London https://www.penguin.co.uk/books/451193/the-big-con-by-collington-mariana-mazzucato-and-rosie/9780241573082; (Penguin Random House, New York) and translated into Dutch (Nieuw Amsterdam), German (Campus, 2023), forthcoming in Greek (Epikentro), Italian (Laterza), forthcoming in Polish (Wydawnictwo Heterodox), forthcoming in Portugese (Companhia das Letras, Brazil) and Spanish (Taurus).
• Mazzucato, M. (2021) Mission Economy: a moonshot guide to changing capitalism, Penguin, Allen Lane, London, https://www.penguin.co.uk/books/315191/mission-economy (Harper Collins, USA) and translated into Brazil (Companhia das Letras), Dutch (Nieuw Amsterdam), Finnish (Terra Cognita), French (Fayard), German (Campus), Greek (Epikentro), forthcoming in Israel (Poalim), Italian (Laterza), Japan (NewsPicks), Norwegian (Res Publica), Poland (Heterodox), Portugal (Temas e Debates), Serbia (Nova knjiga), Slovenia (UMco), Spanish (Taurus), Sweden (Verbal), Turkey (Koc).
• Mazzucato, M. (2020), Non sprechiamo questa crisi, Laterza, Rome, Italy, ISBN 9788858142875, https://www.laterza.it/scheda-libro/?isbn=9788858142875
• Mazzucato, M. (2018) The Value of Everything: making and taking in the global economy, Penguin, Allen Lane-Penguin, London, ISBN: 978-0-241-1888-1, US edition (Public Affairs) and translated into Chinese (CITIC), Dutch (Nieuw Amsterdam), forthcoming in Estonian (Varrak), Finnish (Terra Cognita), forthcoming in French (Fayard), Germany (Campus), Greek (Epikentro), Italian (Laterza), Japanese (Keiei Kagaku), Korean (Minumsa), Portuguese (Brazil, Companhia das Letras; Polish (Heterodox), Portugal,Temas E Debates), forthcoming in Russian (Higher School of Economics Press), Spanish (Taurus), forthcoming in Swedish (Verbal Forlag), Taiwainese (China Times), forthcoming in Turkish (Koc University Press) and forthcoming in Vietnamese (Tre).
• Jacobs, M. and Mazzucato, M. (Eds.) (2016), Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, Wiley-Blackwell, London, ISBN: 978-1-119-12095-7 
• Mazzucato, M. (2013), The Entrepreneurial State: debunking public vs. private sector myths, Anthem Press: London, UK, ISBN 9780857282521, US edition (Public Affairs) and translated into Chinese (CITIC), Croatian (Skolska knjiga), Dutch (Nieuw Amsterdam), Finnish (Terra Cognita), French (Fayard), German (Campus), forthcoming in Greek (Epikentro), forthcoming in Israel (Poalim), Italian (Laterza), Japanese (Keiei Kagaku), Polish (Heterodox), Portuguese (Brazil-Companhia Das Letras), forthcoming in Russian (Higher School of Economics), Serbian (Akadesmka knjiga), Slovenian (Umco), Spanish (Taurus), Taiwainese (China Times), Turkish (Koc University Press), forthcoming in Vietnamese (Tre) and forthcoming in Korean.
• Mazzucato, M., Lowe, J., Shipman, A. and Trigg, A. (2010), Personal Investment: financial planning in an uncertain world, Palgrave Macmillan: Basingstoke, UK, ISBN 978-0-230-24660-7:1-448
• Mazzucato, M. and Dosi, G. (eds.) (2006), Knowledge Accumulation and Industry Evolution: pharma-biotech, Cambridge University Press: Cambridge, UK, ISBN 0-521-85822-4: 1-446
• Mazzucato, M. (ed.) (2002), Strategy for Business, a Reader, Sage Publications: London, UK, ISBN 0-7619-7413-X: 1-378
• Mazzucato, M. (2000), Firm Size, Innovation and Market Structure: the evolution of market concentration and instability, Edward Elgar: Northampton, MA, USA, ISBN 1-84064-346-3: 1-138

Selected journal articles (peer reviewed)

• Mazzucato, M. (2022). Collective value creation: a new approach to stakeholder value. International Review of Applied Economics. https://doi.org/10.1080/02692171.2022.2144149 

• Andreoni, A., Creamer, K., Mazzucato, M., and Steyn, G. (2022). “How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojects”. Oxford Review of Economic Policy, 38 (2). https://doi.org/10.1093/oxrep/grac007 

• Mazzucato, M., and Ryan-Collins, J. (2022). "Putting value creation back into ‘public value’: From market-fixing to market-shaping". Journal of Economic Policy Reform. https://doi.org/10.1080/17487870.2022.2053537  

• Mazzucato, M., & Li, H. L. (2021). “A Market Shaping Approach for the Biopharmaceutical Industry: Governing Innovation Towards the Public Interest”. Journal of Law, Medicine & Ethics, 49(1), 39–49. https://doi.org/10.1017/jme.2021.8 

• Deleidi, M. and Mazzucato, M. (2021), “Directed innovation policies and the supermultiplier: An empirical assessment of mission-oriented policies in the US economy.” Research Policy, 50(2). https://doi.org/10.1016/j.respol.2020.104151  

• Mazzucato, M. and Kattel, R. (2020), “Covid-19 and Public Sector Capacity.” Oxford Review of Economic Policy, graa031, https://doi.org/10.1093/oxrep/graa031 

• Deleidi, M. and Mazzucato, M. (2020) Directed innovation policies and the supermultiplier: An empirical assessment of mission-oriented policies in the US economy, Research Policy, 50, 2. https://doi.org/10.1016/j.respol.2020.104151

• Lamperti, F., Mazzucato, M., Roventini, A., & Semieniuk, G. (2019). “The green transition: public policy, finance and the role of the State”. Vierteljahrshefte zur Wirtschaftsforschung/Quarterly Journal of Economic Research, 88(2), 73-88. https://doi.org/10.3790/vjh.88.2.73

• Mazzucato, M., Kattel, R., & Ryan-Collins, J. (2019). “Challenge-Driven Innovation Policy: Towards a New Policy Toolkit”. Journal of Industry, Competition and Trade, 1-17. https://doi.org/10.1007/s10842-019-00329-w

• Robinson, D. K., & Mazzucato, M. (2019). The evolution of mission-oriented policies: Exploring changing market creating policies in the US and European space sector. Research Policy, 48(4), 936-948. https://www.sciencedirect.com/science/article/pii/S0048733318302373?via%...

• Sachs, J.D, Schmidt-Traub, G., Mazzucato, M., Messner, D, Nakicenovic, and N., Rockström, J. (2019) "Six Transformations to Achieve the Sustainable Development Goals", Nature Sustainability (Sept. 2019). https://www.nature.com/articles/s41893-019-0352-9.pdf?proof=trueMay

• Mazzucato, M. (2018). “Let's make private data into a public good”. MIT TECHNOLOGY REVIEW, 121 (4), 74-75. https://www.technologyreview.com/2018/06/27/141776/lets-make-private-dat...

• Mazzucato, M., and Roy, V. (2018). “Rethinking value in health innovation: from mystifications towards prescriptions”. Journal of Economic Policy Reform, 1-19. https://doi.org/10.1080/17487870.2018.1509712

• Mazzucato, M. (2018), “Mission Oriented Innovation Policy: Challenges and Opportunities”, Industrial and Corporate Change, 27 (5): 803–815, https://doi.org/10.1093/icc/dty034

• Mazzucato, M. and Semieniuk, G (2018) “Financing renewable energy: who is financing what and why it matters”, Technological Forecasting and Social Change, 127, 8-22. http://www.sciencedirect.com/science/article/pii/S0040162517306820

• Mazzucato, M., & Kattel, R. (2018). "Mission-orientated innovation policy and dynamic capabilities in the public sector." Industrial and Corporate Change, http://dx.doi.org/10.1093/icc/dty032
   
• Mazzucato, M. and Robinson, D. (2017) "Co-creating and directing innovation ecosystems: NASA’s approach to public-private partnerships in low-Earth orbit",Technological Forecasting and Social Change, https://doi.org/10.1016/j.techfore.2017.03.034  
   
• Mazzucato, M. and Semieniuk, G (2017) “Financing renewable energy: who is financing what and why it matters”, forthcoming in Technological Forecasting and Social Change, also SPRU working paper version https://www.sussex.ac.uk/webteam/gateway/file.php?name=2016-12-swps-mazzucato-et-al.pdf&site=25
   
• Mazzucato, M. and Semieniuk, G. (2017) “Public financing of innovation: new questions”, Oxford Review of Economic Policy, Volume 33 (1): 24–48. https://academic.oup.com/oxrep/article/33/1/24/2972707/Public-financing-...
   
• Mazzucato, M. and Penna, C. (2016) “Beyond market failures: the market creating and shaping roles of state investment banks”, Journal of Economic Policy Reform, 19(4): 305-326, SPRU working paper version http://www.sussex.ac.uk/spru/documents/2014-21-swps-mazzucato-and-penna.pdf
   
• Mazzucato  M. (2016) "From Market Fixing to Market-Creating: A new framework for innovation policy",  Special Issue of Industry and Innovation: “Innovation Policy – can it make a difference?”, 23 (2)

Working papers (recent and selected)

• Mazzucato, M. and Macfarlane, L. (2023). Mission-oriented development banks: the case of KfW and BNDES. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-13). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-13

• Mazzucato, M. & Gasperin, S. (2023). Transforming the system of SOEs in South Africa: A proposal for a mission-oriented state holding company. UCL Institute for Innovation and Public Purpose, Policy Brief series (IIPP PB 27). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/pb-27

• Rock, R., Strauss, I., O’Reilly, T. and Mazzucato, M. (2023). Behind the Clicks: Can Amazon allocate user attention as it pleases? UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-11). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-11

• Strauss, I., O’Reilly, T. and Mazzucato, M. (2023). Amazon’s Algorithmic Rents: The economics of information on Amazon. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-12). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-12

• O’Reilly, T., Strauss, I. and Mazzucato, M. (2023). Algorithmic Attention Rents: A theory of digital platform market power. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-10). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-10

• Kattel, R. and Mazzucato, M. (2023). Mission-oriented innovation policies in Europe: From normative to epistemic turn? UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-09). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-09

• Mazzucato, M. (2023). Governing the economics of the common good: from correcting market failures to shaping collective goals. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-08). Forthcoming in Journal of Economic Policy Reform. Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-08

• Mazzucato, M. and Rodrik, D. (2023). Industrial Policy with Conditionalities: A Taxonomy and Sample Cases. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-07). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-07

• O’Reilly, T., Strauss, T. and Mazzucato, M. (2023). Regulating Big Tech Through Digital Disclosures. UCL Institute for Innovation and Public Purpose, Policy Brief Nr. 26. https://www.ucl.ac.uk/bartlett/public-purpose/publications/2023/jun/regulating-big-tech-through-digital-disclosures

• Mazzucato, M. and Farha, L. (2023). The Right to Housing: A Mission-Oriented and Human-Rights-based Approach. Council on Urban Iniatives (CUI WP 2023-01). https://www.ucl.ac.uk/bartlett/public-purpose/publications/2023/may/right-housing-mission-oriented-and-human-rights-based-approach

• De Lipsis, V., Deleidi, M., Mazzucato, M. and Agnolucci, P. (2023). Macroeconomic Effects of Public 
  R&D. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-02). 
  https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-02 

• Collington, R. and Mazzucato, M. (2022). Beyond outsourcing: Re-embedding the State in public value production. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2022-14). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2022-14 

• Mazzucato, M., Schaake, M., Krier, S. and Entsminger, J. (2022). Governing artificial intelligence in the public interest. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2020-12). https://www.ucl.ac.uk/bartlett/public-purpose/wp2022-12 

• Dosi, D., Lamperti, F., Mazzucato, M., Napoletano, M. and Roventini, A. (2021). "Mission-oriented policies and the 'Entrepreneurial State' at work: An agent-based exploration". UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2021/10). 

• Mazzucato, M., Kattel, R., Begovic, M. and Quaggiotto, G. (2021). ‘COVID-19 and the Need for Dynamic State Capabilities: An International Comparison'. United Nations Development Programme and UCL Institute for Innovation and Public Purpose Working Paper. Available at: https://www.ucl.ac.uk/bartlett/public-purpose/sites/public-purpose/files...

• Mazzucato, M., Qobo, M. and Kattel, R. (2021). “Building state capacities and dynamic capabilities to drive social and economic development: The case of South Africa”, UCL Institute for Innovation and Public Purpose Working Paper Series (IIPP WP 2021/09). https://www.ucl.ac.uk/bartlett/public-purpose/wp2021-09 

• Mazzucato, M., Entsminger, J. and Kattel, R. (2020). “Public value and platform governance”. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2020-11). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2020-11 

• Mazzucato, M., Ryan-Collins, J. and Gouzoulis, G. (2020). “Theorising and Mapping Modern Economic Rents”. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2020-13). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2020-13 

• Heine, D., Semmler, W., Mazzucato, M., Braga, J.P., Flaherty, M., Gevorkyan, A., Hayde, E.K., and Radpour, S. (2019). “Financing Low-Carbon Transitions through Carbon Pricing and Green Bonds”. Policy Research Working Paper No. WPS 8991, World Bank Group. http://documents.worldbank.org/curated/en/808771566321852359/Financing-L...

• Mazzucato, M. and Ryan-Collins, J. (2019). “Putting value creation back into ‘public value’: From market fixing to market shaping”, UCL Institute for Innovation and Public Purpose, Working Paper (IIPP WP 2019-05). https://www.ucl.ac.uk/bartlett/public-purpose/wp2019-05  

• Deleidi, M., Mazzucato, M. and Semieniuk, G. (2019). Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2019-10). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2019-10

Contact

For media enquiries:

For media and press enquiries for the Institute’s Director, Prof Mariana Mazzucato, contact: iipp-dir-comms@ucl.ac.uk

For media and press enquiries for the Institute of Innovation and Public Purpose please contact: Michael Lucibella, m.lucibella@ucl.ac.uk

For event enquiries: iipp-director-pa@ucl.ac.uk