> Skip to content
Play sample
  • Published: 29 July 2021
  • ISBN: 9780141999685
  • Imprint: Penguin Audio
  • Format: Audio Download
  • RRP: $26.00
Categories:

Mission Economy

A Moonshot Guide to Changing Capitalism




A powerful challenge to governments to apply the same determination and co-ordination to the problems of society and economy as were once applied to putting men on the moon

Even before the Covid-19 pandemic in 2020, capitalism was stuck. It had no answers to a host of problems, including disease, inequality, the digital divide and, perhaps most blatantly, the environmental crisis. Taking her inspiration from the 'moonshot' programmes which successfully co-ordinated public and private sectors on a massive scale, Mariana Mazzucato calls for the same level of boldness and experimentation to be applied to the biggest problems of our time. We must, she argues, rethink the capacities and role of government within the economy and society, and above all recover a sense of public purpose. Mission Economy, whose ideas are already being adopted around the world, offers a way out of our impasse to a more optimistic future.

  • Published: 29 July 2021
  • ISBN: 9780141999685
  • Imprint: Penguin Audio
  • Format: Audio Download
  • RRP: $26.00
Categories:

About the author

Mariana Mazzucato

Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London where she is Founding Director of the Institute for Innovation and Public Purpose. Her award winning books include The Entrepreneurial State: Debunking Public vs. Private Sector Myths (2013) and The Value of Everything: Making and Taking in the Global Economy (2018). She advises policy makers around the world on innovation-led inclusive and sustainable growth, and has won many prizes including the 2020 John von Neumann award, the 2019 All European Academies Madame de Staël Prize for Cultural Values and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought.

Also by Mariana Mazzucato

See all

Praise for Mission Economy

Ever since 1969, people have asked themselves why if humans can land on the moon, can't they solve pressing problems here on Earth, such as poverty, dementia and climate change. Mariana Mazzucato offers an answer: if only governments would apply the mission-driven methods of the Apollo project, they could.

John Kay, Financial Times

Mazzucato's solution is to redesign capitalism in the interests of stakeholders rather than shareholders, and to reshape the relationship between government and the state as a "mission economy". Civil servants should be active, not passive ... Britain and America, she believes, need to abandon the neoliberal belief in minimalist government that merely regulates the market and lets the private sector drive innovation.

Emma Duncan, The Times

In Mission Economy Mariana Mazzucato argues that societies ought to abjure tired ideologies and embrace the policy approach that put astronauts on the Moon. By setting grand missions for themselves, she writes, and deploying the power of the state in practical ways, they can become more prosperous and equitable ... Mazzucato is an Italian-born economist of a heterodox bent, whose work has long challenged standard economic thinking about the role of markets and government in generating innovation ... compelling ... arresting

Economist

A timely and optimistic vision ... Mazzucato presents her arguments so simply and clearly that they can seem obvious. In fact, they are revolutionary. Rethinking the role of government nationally and in the international economy - to put public purpose first and solve the problems that matter to people - are now the central questions for humanity

Jayati Ghosh, Nature

The case for a new approach is overwhelming and Mariana Mazzucato's project is ambitious ... Mission Economy injects the kind of vision, ambition and imagination so desperately missing from government today ... All those in favour of a better future - of prosperity that is broadly shared, first class public services to be enjoyed by all, and a solution to the climate crisis - should read this book.

Tom Kibasi, The Guardian

In her new book, Mission Economy: A Moonshot Guide to Changing Capitalism, she argues that the state must lead the way ... Mazzucato is particularly good on the dubious benefits of outsourcing government functions to management consultants and other carpetbaggers.

Peter Franklin, UnHerd

Mazzucato's new book criticises the narrowness of the philosophy that says the only role for government is to correct "market failures," stepping in when the private sector cannot deliver adequately by itself ... Mission Economy argues for a more agile, flexible public sector, free to adapt to changing circumstances and new challenges. Mazzucato advocates institutional innovation and citizen engagement in the setting of missions and challenges.

Diane Coyle, Prospect

a wider and more radical critique of modern capitalism ... Mazzucato is a fantastic example of a charismatic policy entrepreneur having a real impact ... Mazzucato rightly shows that the state can rise to grand challenges and set ambitious missions.

David Willetts, Research Professional News

Mazzucato's ... boldness and long-term vision ... argues Western market-led capitalism has failed. Years of privatising state-owned companies and outsourcing essential services, she says, have left governments weakened without benefitting society or saving taxpayers' money ... Governments, economist Mariana Mazzucato contends, should now channel the same spirit and back bold goals to improve the planet and society.

Lisa Jucca, Reuters

One of the most agile thinkers on post-Brexit, post-Covid Britain.

Alex Brummer, Daily Mail

'This book is by an influential thinker on an important topic at a time when trust in direction by governments has risen greatly relative to trust in decentralised competition within markets. Mazzucato recommends goal-oriented innovation as the way forward for the world.'

Martin Wolf, Financial Times

Related titles