Mariana Mazzucato: The State’s Contribution to Value Creation
Mariana Mazzucato has identified several key building blocks for a new economic policy agenda. This agenda …
“…must convey a new image of how values are created, to replace the old narrative in which the private sector alone plays the main role and the state merely corrects market failure. What we need is a clear idea of collective investments for the common good, with the public sector as the investor of first choice, not just as the lender of last resort.”
– Mariana Mazzucato, Founding Director of the Institute for Innovation & Public Purpose at University College London and Chair of the “Council on the Economics of Health for All” of the World Health Organization, in the guest contribution “Opportunity for alternative economic policy – Progressive politicians should now formulate an agenda for inclusive and sustainable growth. For this to be successful, five principles are important, says Mariana Mazzucato”, Handelsblatt 14. – 16. October 2022, page 64, No. 199