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Prof Mariana Mazzucato
Central House
14 Upper Woburn Place
  • Professor in the Economics of Innovation and Public Value
  • Inst for Innovation and Public Purpose
  • Faculty of the Built Environment

Professor Mariana Mazzucato (PhD) holds the Chair in the Economics of Innovation and Public Value, University College London (UCL) where she is Founder and Director of a new Institute for Innovation & Public Purpose (launching Autumn 2017). She previously held the RM Phillips Chair at SPRU, University of Sussex and has held academic positions at the University of Denver, the London Business School, Bocconi University and the Open University.

Her highly acclaimed book The Entrepreneurial State: debunking public vs. private sector myths (Anthem, 2013; updated US edition, Public Affairs, 2015) was on the 2013 Books of the Year list of the Financial Times. It focuses on the need to develop new frameworks to understand the role of the state in economic growth—and how to enable rewards from innovation to be just as ‘social’ as the risks taken. Professor Mazzucato won the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis and in 2013 was named as one of the '3 most important thinkers about innovation' in the New Republic.

She has advised policy makers around the world on innovation-led growth and is currently a member of the Scottish Government’s Council of Economic Advisors; the World Economic Forum’s Council on the Economics of Innovation and SITRA’s (the Finnish Innovation Fund) Advisory Panel. 

She is co-editor of a new book, Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth (Wiley Blackwell, July 2016), and is currently writing The Value of Everything, which will be published by Penguin’s Allen Lane in 2017.

Her research outputs, media engagement (including articles in the FT, Time Magazine, the New York Times, the Guardian and Foreign Affairs), and talks (including her TED Global talk), can be found on her website

Research Themes
Research Summary

Professor Mazzucato’s research focuses on the relationship between financial markets, innovation, and economic growth—and how to allow smart, innovation-led growth to be also more inclusive and sustainable.  Her current research projects include two funded by the EC Horizon programme:  Innovation-fuelled, Sustainable, Inclusive Growth (ISIGrowth) and Distributed Global Financial Systems for Society (DOLFINS), and a new project on Rethinking Medical Innovation by the Open Society Foundations. Her recent research includes projects funded by the Ford Foundation and the Institute for New Economic Thinking, and work commissioned by NASA, the European Space Agency and the Brazilian Ministry for Science and Technology. Between 2009 and 2012 she directed a large 3-year European Commission FP7 funded project on Finance, Innovation and Growth (FINNOV). 

Teaching Summary

    2011-2017          University of Sussex, Chair of Doctoral Committee, SPRU.

                                  Masters classes in industry dynamics; finance and innovation.  

  INET course in the Economics of Innovation, (April 2014)


2006-2010              Bocconi University, Milan, Italy, (Visiting Professor)

Masters and MBA courses, 8205 Industrial Economics and International Competitiveness (with F. Malerba) and 8014 Industry Analysis (with M. Mariani)


 2000-2011           The Open University, Milton Keynes, UK, (Professor)

2008-2010            Personal Investment in an Uncertain World (DB234), Production Chair, Editor of textbook

2004-2008            Microeconomics (DD319), Chair

2001-2002            Economics and Economic Change (DD202), Chair

      2002-2006           Business Behaviour in a Changing Environment (B300)

   Chair for Strategy module


      1997-1999      University of Denver, Denver, USA, (Assistant Professor)               

                             Undergraduate Foundations of Economics; and Masters level Industrial Organization

2017 Professor in Economics of Innovation and Public Value   University College London (UCL), United Kingdom
2011 – 2017 RM Phillips Professor in Economics of Innovation SPRU - Science Policy Research Unit University of Sussex, United Kingdom
2010 – 2013 Distinguished Visiting Professor   University of Edinburgh, United Kingdom
2008 – 2010 Visiting Professor   Bocconi University, Italy
2005 – 2011 Professor of Economics (Chair in Economics of Innovation) Economics The Open University, United Kingdom
2003 – 2004 Senior Lecturer Economics The Open University, United Kingdom
1999 – 2002 Lecturer Economics The Open University, United Kingdom
1998 – 1999 Research Fellow   London Business School, United Kingdom
1997 – 1999 Assistant Professor Economics University of Denver, United States
1995 – 1997 Adjunct Professor Economics New York University, United States
Academic Background
1999 PhD Doctor of Philosophy – Economics The New School for Social Research, NY
1994 MSc(Econ) Master of Science (Economics) – Economics The New School for Social Research, NY
1990 BA Bachelor of Arts – Modern History and International Relations Tufts university, Boston, University
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