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

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

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"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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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.

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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.

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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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