The challenges we face, from health and digital inequalities to the water, climate and biodiversity crises, require rewriting the economic assumptions that underpin them: that taxes necessarily undermine efficiency, that higher wages cost jobs, that getting prices right will solve the climate crisis
Mariana Mazzucato
@mazzucatom.bsky.social
Professor in the Economics of Innovation and Public Value, University College London. Author: Entrepreneurial State, Value of Everything, Mission Economy, Big Con. Founding Director UCL Institute for Innovation & Public Purpose www.marianamazzucato.com
Booking systems and fees introduced in public pools, in the name of funding needs and safety, have quietly redesigned who our pools and ponds are for. The effect is exclusion, whatever the intent, and it falls hardest on working-class families and their kids.
Who Gets to Swim?
Public pools, a tale of two cities, and the moonshot for a swimmable city
marianamazzucato.substack.com
"Place first, not party first" is the right instinct, but real devolution still needs a centre strong enough to set clear priorities, shape fiscal rules rewarding long-term investment, & a civil service with the capacity & capabilities to ensure that what is learned in one places strengthens others.
How Burnham Can Make UK Devolution Work
Mariana Mazzucato rejects the idea that Britain's new government must choose between centralized power and an empowered periphery.
project-syndicate.org
On his first morning as PM, Andy Burnham backed a national rough-sleeping pledge with £340m and the 'Housing First' model he ran in Manchester.
Good to meet President Bernardo Arévalo, Finance Minister Jonathan Menkos an&d Ana Glenda Tager, Private Secretary to the President, in Guatemala City. We discussed how the state can shape investment not just attract it & why capable institutions are precondition for inclusive lasting growth.
A rich discussion today at the National Palace of Culture with ministers and advisers on Guatemala's National Dialogue for Productive, Inclusive and Sustainable Development. I came to listen.
Europe’s largest companies are seeing record profits but low investment. What do they do with the profits instead? Distribute them to shareholders, borrow to fund more payouts, and hoard earnings to maintain buffers for future distributions.
On BBC Newsnight tonight at 23:10 BST talking about my new book, The Common Good Economy. Watch tonight on iPlayer or live on BBC Two ➡️ www.bbc.co.uk/iplayer/guid...
The case for climate action cannot be made in the language of economics alone. Technocratic solutions cannot make a different future feel possible, desirable, or worth its cost.
School meals are not welfare. They are green industrial strategy on a plate. Today at UCL IIPP with Jatai we launched new case studies from Brazil, Sweden and Scotland showing what happens when school meal procurement is designed as a mission-oriented tool for food systems transformation.
What an evening at EartHackney for Novara Media Downstream IRL. Great to discuss my new book, The Common Good Economy, with Ash Sarkar: how missions became a slogan rather than a governing architecture, why we need a compass, & what it takes to build an economy where value is collectively created.
School meals aren't a narrow social policy or cost-minimisation exercise, but a strategic instrument for industrial strategy, public health, climate action, and innovation.
School meals aren't a narrow social policy or cost-minimisation exercise, but a strategic instrument for industrial strategy, public health, climate action, and innovation.
A change in Labour leader without a change in economic thinking will produce the same results. Missions became a slogan rather than a governing architecture: correct now while there are two years left!
I'll be speaking to Ash Sarkar and Novara Media on Monday to discuss my new book, The Common Good Economy: a new compass. 19:30 BST | 22 June | Novara Media Downstream IRL | EartHackney, London | Few tickets left! novaramedia.com/events/downs...
Downstream IRL: Can Capitalism Be Fixed? Aaron Bastani in Conversation With Mariana Mazzucato
Join us for our next Downstream IRL, where Aaron Bastani will be sitting down with one of the world’s most influential economists, Mariana Mazzucato, to discuss her latest book The Common Good…
novaramedia.com
Had we evaluated the Apollo programme by each individual project's cost-benefit ratio, we would have concluded it was a failure. The value emerged at the portfolio level–across sectors, over time, through spillovers no one predicted.
Transformative mission-oriented policies aim to direct public action towards societal missions. Yet conventional evaluation frameworks struggle to capture these systemic objectives.
Public sector procurement of goods and services from private firms is a colossal global market - $13 trillion a year.
The IIPP Forum 2026: Rethinking the State begins today at Senate House. Two days on state capabilities, mission-oriented policy and economics of the common good––from city governments to green industrial strategy to the future of public finance. More on the Forum: www.ucl.ac.uk/bartlett/pub...
Spoke at #LSEFestival today about my new book, The Common Good Economy. Thank you to Larry Kramer and the audience for their incisive questions.
The UCL IIPP Forum 2026: Rethinking the State. Two days at University of London's Senate House, as part of UCL's bicentenary year. exploring how governments build the capabilities to tackle the grand challenges of our time.
All these sexy words like open innovation, collective intelligence, problem-oriented this, that, the other--that assumes we know how to work together. But if I don't value you, I'm probably not going to work very well with you.
We talk about doing good all the time: on inequality, inclusive growth, climate, health. So why do we fail along the way? Because economics lacks a coherent theory of the common good.
The Common Good Economy: A New Compass is out today! It draws together a decade of work and asks a different question: not just what the state can do, or how missions can be governed, but what principles have to be in place for any of that to deliver genuine transformation for people and planet.
Launched The Common Good Economy: a new compass at How To Academy in the beautiful St. Martin-in-the-Fields in London.
On Sky News at 8:30 BST this morning. How we set out to achieve collective goals, matters as much as what those goals are. We are good at setting goals. We are bad at achieving them. The Common Good Economy introduces a compass to navigate the gap. Watch here: www.youtube.com/live/YDvsBbK...
The question isn't just what govts are trying to achieve. It's how. Do we embed the common good into contracts, procurement & partnerships from the start, or pick up the mess later? And do we design policy w/ people, or just at them? Spoke w/ Channel 4 News about my book, The Common Good Economy.
Mariana Mazzucato: Why is there always money for war but never for public investment?
Economic growth is at the centre of British politics once again.
channel4.com
On Channel 4 News this evening discussing my new book, The Common Good Economy. The crises we face—from the climate, water, and biodiversity crises to health and digital inequalities—are not isolated market failures. They are the product of an economic system organised around the wrong assumptions.
On TimesRadio with Hugo Rifkind at 10:45 BST this morning. So long as the best economics can offer is corrections to market failures, it is not a theory of the public good but a theory of what the private sector is missing. My new book, The Common Good Economy, sets out what should replace it.
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On BBC Radio 4 Start the Week at 9am tomorrow morning with Tom Sutcliffe, alongside Jeremy Hunt and Patrick Foulis. I'll be talking about my new book The Common Good Economy, how economics lacks a coherent theory of the common good, and why that matters for how we design an economy.
BBC Radio 4 - Start the Week, Searching for economic solutions
Jeremy Hunt, Mariana Mazzucato and Patrick Foulis join Tom Sutcliffe.
bbc.co.uk