Mariana Mazzucato
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
- Finance must be reimagined as a tool for transformation—not just to fill gaps. Today I presented our paper to South Africa's #G20 Task Force on Inclusive Economic Growth. Our framework offers a unified vision to redirect financial flows toward a more just & sustainable global economic order.
- IIPP is hiring a Policy Fellow to lead our programme on the economics of ecological transition in the UK. Help us transform key economic tools—from the National Wealth Fund to Treasury evaluation methods—to enable public purpose-driven investment. Apply now ➡️ www.ucl.ac.uk/work-at-ucl/...
- Join our team at IIPP! We're hiring a Research Fellow to conduct economic analysis on green industrial strategy and the green multiplier. Help us challenge the myth that net zero comes at the cost of growth through quantitative research and policy design. Apply ➡️ www.ucl.ac.uk/work-at-ucl/...
- As Pope Leo XIV begins his papacy, it is important to celebrate the way that Pope Francis led, with a strong vision for the Common Good, and the need to change Capitalism to get there. Latest piece ➡️ open.substack.com/pub/marianam...
- What if our economies were designed around a clear objective: #HealthForAll? Today I'll share how purpose-oriented government can help structure economies to deliver on wellbeing at #WBEF2025 Reykjavik chaired by Gary Gillespie. Read more ➡️ www.who.int/publications...
- Health is not just human capital or a byproduct of economic growth—it's a fundamental human right. Today I share insights from our WHO Council on Health For All at G20 Health Working Group on why health spending is an investment in economic resilience. Final report ➡️ www.who.int/publications...
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- Markets arent reacting to economic fundamentals—they're reacting to policy chaos. Our Bloomberg debate on Trump’s first 100 days explores what happens when spectacle replaces economic strategy. Watch➡️ www.youtube.com/watch?v=5qD-... Read more in Foreign Affairs➡️ foreignaffairs.com/south-africa...
- Trump's economic nationalism isn't just failing—it's backfiring. I made this point at a @BloombergTV debate on Tuesday night, being aired live on Bloomberg today at 9:00 ET / 13:00 BST. Watch live on Bloomberg or online here ➡️ www.bloomberg.com/live/
- Trumponomics has created instability without addressing fundamental issues: stagnant wages, excessive financialisation, and state capacity. Airing today at 11:00 ET / 16:00 BST on @BloombergTV, watch our debate on Trump's first 100 days. Live on Bloomberg or online here ➡️ www.bloomberg.com/live/
- Over $3tr in market value erased while consumer costs to spike $4,600 per household. For Bloomberg debate this week, I shared how Trump's tariffs create chaos while Biden's strategic investments delivered $1 trillion in manufacturing growth. Market-shaping, not wall-building, generates prosperity.
- Cities are on the frontlines of pressing social and environmental challenges. As the Council on Urban Initiatives comes to an end, our final report highlights our contributions: case studies on care and housing, frameworks for housing missions & making the case for housing as a common good.
- For the first time the G20 will be held on African soil. This is more than symbolic. As our discussion paper to the G20 lays out, this is a historic opportunity to confront global asymmetries and place the voices and priorities of the Global South at the centre. Read here ➡️ buff.ly/vEagS8c
- My latest essay for Roosevelt Institute's latest collection argues we need more than just industrial strategy—we need a new narrative about what the state is for: to shape markets, not just fix them. A mission-oriented framework puts societal challenges at the centre of industrial policy.
- Tonight, at the @BloombergTV and @OpentoDebateOrg debate, moderated by @MishalHusain, I'll discuss why transformative economic policies—not tariffs—are needed. 29 April | 18:00 ET | Watch live ➡️ bloomberg.com/live/stream 1/3
- Our discussion paper for #G20 calls for systemic reforms to align finance with public purpose, empower industrial transformation & build resilient economies. Under South Africa’s leadership, the G20 can reimagine global economic governance for a fairer future. Read here ➡️ g20.org/wp-content/u...
- As the US retreats from multilateralism, new global leadership must fill the vacuum. Today I'll be speaking to Bloomberg #TheClose at 16:30ET about Trumponomics & how countries like Brazil & South Africa can reshape a global economic order toward sustainability & inclusion over economic nationalism.
- This morning at InnovationZero, I’ve recorded a keynote to share how missions can drive our climate transition. Creating a low-carbon economy requires coherent industrial strategies that shape cross-sectoral innovation ecosystems, aligning public and private investment around shared challenges. 1/2
- Trump's tariff policies create uncertainty without strategic direction. At a Bloomberg debate on Trump's economic agenda, I'll discuss how we need purpose-driven industrial policy—not haphazard protectionism that fails to deliver for American workers. 29 Apr | 18:00 ET | bloomberg.com/live/stream
- We have an opportunity to reshape multilateralism. As Special Rep for Cyril Ramaphosa & technical expert to South Africa's #G20 I’ve submitted a discussion paper w/ 4 key principles to align finance & industrial policy in this new era of global governance. Read here ➡️ www.ucl.ac.uk/bartlett/ucl...
- Civil servants have a vital role in making mission-oriented govt work. For @civilserviceworld.bsky.social, rainerkattel.bsky.social & I explain why missions require not just setting goals, but building new capabilities & ways of working—drawing on experience implementing this framework globally.
- Capable states are not the enemy—they are the drivers of sustainable and inclusive growth. In the age of DOGE and chainsaws, hollowing out the public sector is a suicide pact. We need states that can lead, not just clean up after markets fail.
- This week @iipp-ucl.bsky.social are hosting workshops w senior civil servants across Barbados to dig into country's 6 ambitious missions. What are outcome targets to measure each mission? How do we design a dashboard to monitor progress? More on Barbados missions ➡️ www.ucl.ac.uk/bartlett/pub...
- A giant has left us: @Pontifex was a true fighter for peace and climate. Last November @miaamormottley and I met with him to discuss a new “Economics of the Common Good”. We will cherish his memory forever. YT video here. youtu.be/Ev3SOKNNtFI?...
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- For 50 years my father has been at the forefront of nuclear fusion research developing diagnostic techniques now standard in the field. On April 16 at UCL IIPP he'll share his critical perspective on fusion's current trajectory & prospects for replacing fossil fuels. Join us online or in-person ⬇️
- Productivity growth has stagnated across high-income countries for decades. The solution? Mission-oriented industrial strategy that transforms grand challenges into concrete goals requiring cross-sectoral innovation.
- As Trump's policies create economic instability and worsen inequality, Brazil, South Africa and other nations hold potential to transform the global economic order. 2025—with COP30, the G20, & FfD4—offers a unique opportunity for a multilateral reset ➡️ marianamazzucato.substack.com/p/the-trump-...
- The IMF risks repeating past mistakes with its new Argentina loan. Great piece from Martin Guzman on how politically motivated lending undermines multilateralism, bypasses democratic processes, and ultimately harms the very people it claims to help ➡️ www.project-syndicate.org/commentary/i...
- Rethinking the state isn’t about mimicking the logic of start-up culture–rapid iteration, disruption and scaling to increase profits. Rather than learning how to win at all costs, governments need to learn how to collaborate, share, and diffuse better practices Latest w @rainerkattel.bsky.social ⬇️
- For 50 years my father has been at the forefront of nuclear fusion research, developing diagnostic techniques now standard in the field. Join us on April 16th at @IIPP_UCL he'll share his perspective on fusion's trajectory & prospects for replacing fossil fuels. www.eventbrite.co.uk/e/challenges...
- Economies with low investment are predictably low in productivity as well. But this isnt just about increasing investment—it's about directing that investment to shape markets toward inclusive & sustainable growth. Strategic investments that transform sectors are what truly drive productivity gains.
- The US retreat from global cooperation creates a vacuum—but also opportunity for new leadership on climate. My latest on how Brazil's COP30 presidency & South Africa G20 leadership can forge a new alliance for transformative climate policy ➡️ marianamazzucato.substack.com/p/the-trump-...
- Govt's shouldn't behave like start-ups. The chainsaw rhetoric in the US & efficiency drives in Europe misunderstand public sector work. Critiques of bureaucracy can be valid, but a start-up model is arguably the worst possible solution. For @projectsyndicate.bsky.social w/ @rainerkattel.bsky.social
- In 2 hours, I'll be on BBC Radio 4 #MoralMaze to examine the economics of tariffs. Tariffs can be tools for industrial strategy, but Trumps approach misses this nuance entirely. We need a coalition of the willing to sustain global governance. Live at 20:00 BST on radio or on BBC Sounds.
- In 1 hour I'll be speaking with Francis Herd on eNCA about my role as Technical Expert to South Africa's #G20 Presidency. With multilateralism under threat, South Africa has a unique opportunity to lead a coalition of the willing to build a fairer, greener global economy. Live at 19:00 SAST on eNCA
- Tune in to BBC Radio 4 #MoralMaze tonight at 20:00 BST on whether tariffs are good or bad. Tariffs can be strategic tools, but Trumps approach threatens to destabilise global trade, potentially reducing global GDP by 1-2%, disproportionately harming developing economies.
- I'll be joining Francis Herd on eNCA today at 19:00 SAST to discuss South Africa's G20 Presidency in my capacity as Technical Expert to @G20org, and the opportunity to reshape global economic governance around shared goals of solidarity, equality, and sustainability. Live on eNCA in South Africa
- Honoured to be appointed by President Cyril Ramaphosa as his Special Presidential Representative for the G20 Task Force on Inclusive Economic Growth, Industrialization, Employment, and Reduced Inequality. Read more ➡️ www.gov.za/news/media-s... 1/3
- Trump's "external revenue service" rhetoric masks reality: tariffs will hit US consumers through higher prices, AND disproportionately harm low income countries. A regressive economic program that hurts the vulnerable at home & abroad. This isn't about fairness; but power. Full interview for ITV ⬇️
