UCL Institute for Innovation and Public Purpose

Prof Mariana Mazzucato

Prof Mariana Mazzucato

Professor in the Economics of Innovation and Public Value

Inst for Innovation and Public Purpose

Faculty of the Built Environment

Joined UCL
1st Mar 2017

Research summary

Professor Mazzucato’s research focuses on the relationshipbetween financial markets, innovation, and economic growth—and how to allowsmart, innovation-led growth to be also more inclusive and sustainable.  Her current research projects include twofunded by the EC Horizon programme:  Innovation-fuelled,Sustainable, Inclusive Growth (ISIGrowth)and Distributed Global Financial Systems for Society (DOLFINS), and a new project on RethinkingMedical Innovation by the Open Society Foundations. Her recent researchincludes projects funded by the Ford Foundation and the Institute for NewEconomic Thinking, and work commissioned by NASA, the European Space Agency andthe Brazilian Ministry for Science and Technology. Between 2009 and 2012 shedirected a large 3-year European Commission FP7 funded project on Finance,Innovation and Growth (FINNOV).  

Teaching summary

     2017 -                   University College London, Professor in Economics of Innovation and             Public Value

    2011-2017             University of Sussex, Chair of Doctoral Committee, SPRU.

                                  Masters classes in industry dynamics; finance and innovation.  

  INET course in the Economics of Innovation, (April 2014)

   2006-2010               Bocconi University, Milan, Italy, (Visiting Professor)

Masters and MBA courses, 8205 Industrial Economics and International Competitiveness (with F. Malerba) and 8014 Industry Analysis (with M. Mariani)

      2000-2011             The Open University, Milton Keynes, UK, (Professor)

2008-2010            Personal Investment in an Uncertain World (DB234), Production Chair,                                   Editor of textboo

2004-2008            Microeconomics (DD319), Chair

2001-2002            Economics and Economic Change (DD202), Chair

      2002-2006           Business Behaviour in a Changing Environment (B300), 

   Chair for Strategy module

      1997-1999      University of Denver, Denver, USA, (Assistant Professor)               

Undergraduate Foundations of Economics; and Masters level Industrial Organization


The New School for Social Research, NY
Doctorate, Doctor of Philosophy | 1999
The New School for Social Research, NY
Other higher degree, Master of Science (Economics) | 1994
Other higher degree, Master | 1994
Tufts university, Boston, University
First Degree, Bachelor of Arts | 1990


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 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’s Academy of Social Sciences (FAcSS) and of the Italian National Science Academy (Lincei). 

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 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, 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.

She is the author of three highly-acclaimed books: The Entrepreneurial State: debunking public vs. private sector myths (2013) which investigates the critical role the state plays in driving growth; The Value of Everything: making and taking in the global economy (2018) which looks at how value creation needs to be rewarded over value extraction; and the newly released Mission Economy: a moonshot guide to changing capitalism (2021).

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’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 High Level Advisory Board for Economic and Social Affairs, Argentina’s Economic and Social Council, Vinnova’s Advisory Panel in Sweden, and Norway’s Research 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 & Innovation in the European Union, turning “missions” into a crucial new instrument in the European Commission’s Horizon innovation programme.