Mariana Mazzucato

Economist Researcher Italian-American Born 1968 (age 58)

Analyzes state's role in innovation and entrepreneurship economics.

418 quotes

"The state takes on the risks that the market will not, and then the market profits from the results."
Work
"We have inverted the relationship between public and private; we must turn it right-side up."
Truth
"Innovation requires both vision and patience; finance offers neither."
Patience
"The narrative of the self-made entrepreneur serves to obscure systemic dependencies."
Truth
"We must stop treating the public sector as a consumer of resources and recognize it as a creator of value."
Wisdom
"Austerity during crises is like cutting food during a famine."
Politics
"The state is not a burden on the economy; it is the foundation of the economy."
Philosophy
"We need to understand that public institutions are not obstacles to innovation; they are prerequisites for it."
Knowledge
"The greatest innovations come from sectors where profit motives are secondary to mission."
Science
"We have allowed financial markets to determine the direction of innovation, which is a profound mistake."
Politics
"Risk-taking in the public sector should be celebrated, not denigrated."
Courage
"The private sector's role should be to commercialize innovations, not to dismiss their public origins."
Work
"We must reject the false choice between public and private; they are deeply interdependent."
Wisdom
"Innovation requires institutions that can think in decades, not quarters."
Time
"The narrative of trickle-down economics obscures the reality of trickle-up risk."
Politics
"We need a new language for talking about value creation that includes all who contribute."
"Public institutions fail not because of their nature but because of how we fund and evaluate them."
Leadership
"The state must be entrepreneurial in its approach to solving complex problems."
Change
"We have confused financial returns with societal value; this is a dangerous mistake."
Truth
"Innovation ecosystems are public goods, not private possessions."
Justice
"The best way to strengthen the market is to strengthen public institutions."
Philosophy
"We must stop viewing public spending as consumption and start viewing it as investment."
Money
"The future belongs to those who understand that innovation is a collective, not an individual, endeavor."
Leadership
"The state is not just a referee; it actively shapes the market through its investments and innovations."
Politics
"We need to stop treating public institutions as parasites and recognize them as value creators."
Work
"Innovation requires risk-taking, and the public sector has historically been willing to take those risks."
"The myth of the entrepreneur as a lone genius obscures the collective nature of innovation."
Creativity
"Venture capital didn't invent the internet; the state did through DARPA and other agencies."
Technology
"We've created a narrative where the private sector is dynamic and the public sector is stagnant, but the data tells a different story."
History
"Public institutions must be entrepreneurial, not just efficient."
Leadership