Written by John Lounsbury
This is a lecture by Mariana Mazzucato which is an introduction to the Rethinking Capitalism course at University College London January 2019. It addresses the key challenges facing modern capitalist economies. The lecture also examines the economic theories and policy frameworks that have led to these challenges and examine some broad-based alternative approaches.
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Last week Mariana Mazzucato won the #NotTheNobel award for 2019.
From Wikipedia:
Mariana Mazzucato (born June 16, 1968) is an economist with dual Italian – US citizenship.[1] She is a professor at University College London in Economics of Innovation and Public Value and she is the founder/director of their Institute for Innovation and Public Purpose (IIPP). She is also a member of the Scottish Government’s Council of Economic Advisers and South Africa’s Economic Advisory Council[2]. In 2019, she joined the UN Committee for Development Policy.
Mazzucato is the author of The Entrepreneurial State: debunking public vs. private sector myths[3] and The Value of Everything: making and taking in the global economy. In 2016, Mazzucato co-edited a book, Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth with Michael Jacobs. In 2013 The New Republic called her one of “the three most important thinkers about innovation”.[4]
Mazzucato’s Italian parents, Ernesto and Alessandra, moved to Princeton, New Jersey in 1972, with their three young children, Valentina, Mariana and Jacopo, after Ernesto accepted a position as a physicist at Princeton University‘s Plasma Physics Laboratory. Mariana Mazzucato spent most of her early life in the US before returning to Europe in 2000.[5]
Mazzucato graduated from Princeton High School in 1986.
Mazzucato obtained a Bachelor of Arts in history and international relations from Tufts University in 1990, a Master’s in economics from the New School for Social Research (NSSR) in 1994, and a PhD in economics, also from the New School in 1999.[6] She was interested in exploring heterodox economics seriously when pursuing her degree, and she was well trained at NSSR as it is the “home for generations of radical intellectuals”.[7]
From 1995 to 1997, Mazzucato was an adjunct professor of economics at New York University.[1] She became an assistant professor of economics at the University of Denver in 1997.[1] Between 1998 and 1999 she was a Post-Doctoral Marie Curie Research Fellow at the London Business School where she worked and published papers with Paul Geroski (former Dean of the London Business School).[8][9][10] She then joined the Economics Department of The Open University as a lecturer, becoming a full professor in 2005, where she founded and directed the Innovation, Knowledge and Development research centre. From 2008 to 2010 she was a visiting Professor at Bocconi University. From 2010 to 2013, she was a distinguished visiting professor at the University of Edinburgh. In 2014, she was a distinguished visiting Professor at the University of Technology Sydney.[1] Between 2011 and 2017, she was the RM Phillips Chair in the Economics of Innovation in SPRU, the University of Sussex, a chair previously held by the leading innovation thinkers Christopher Freeman, Keith Pavitt and Nick Von Tunzelmann.[1]
In 2017, Mazzucato became a professor at University College London in Economics of Innovation and Public Value and she is the founder/director of their Institute for Innovation and Public Purpose (IIPP), where she still works today.[6] Her current work is focused on the relationship between innovation and the direction of growth, emphasizing symbiosis that contributes to a more innovative-led, inclusive and sustainable growth.[11]
Source: YouTube
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