UCL Institute for Innovation and Public Purpose


Mariana Mazzucato

Mariana Mazzucato (PhD) is Professor in the Economics of Innovation & Public Value at University College London (UCL), she is the Founding Director of the UCL Institute for Innovation & Public Purpose

Mariana Mazzucato
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, one of the 50 most creative people in business in 2020 by Fast Company, 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 role of public organizations in playing the ‘investor of first resort’ role in the history of technological change.  Her 2018 book The Value of Everything: making and taking in the global economy (2018) brings value theory back to the center of economics in order to reward value creation over value extraction. It was a 2018 Strategy & Business Book of the Year and was shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year prize.

Mariana Mazzucato speaks on new book about the concept of value as part of our public lecture series Rethinking Public Value and Public Purpose in 21st-Century Capitalism.
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.

Media highlights

We Socialize Bailouts. We Should Socialize Successes, Too. 

The New York Times | 1 July 2020

No More Free-Lunch Bailouts

Project Syndicate | 25 June 2020

the covid-19 crisis is a chance to do capitalism differently

TED,  | 22 June 2020

Bloomberg Green
Governments Need to ‘Radically Transform’ the Way They Think About Spending

Bloomberg Green | 9 June 2020

View more in the media

Selected Publications

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

  • Mazzucato, M. (Forthcoming 2021), Mission Economy - A moonshot guide to changing capitalism, Penguin, Allen Lane-Penguin: London, UK
  • Mazzucato, M. (2018), The Value of Everything - making and taking in the global economy, Penguin, Allen Lane-Penguin: London, UK
  • 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 Italian (Laterza), German (Kunstmann), Spanish (RBA Books), Portuguese (Companhia Das Letras), Dutch (Nieuw Amsterdam), Greek (Kritiki), and forthcoming in Chinese, Japanese, Korean,and Polish.
  • 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)
Academic working papers
  • 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


Email: iipp-dircos@ucl.ac.uk