Mariana Mazzucato

Economist Researcher Italian-American Born 1968 (age 58)

Analyzes state's role in innovation and entrepreneurship economics.

418 quotes

"Innovation requires diverse institutions with different incentive structures."
Wisdom
"The myth of self-made success obscures the public scaffolding beneath."
Truth
"We've outsourced public responsibilities to private actors and called it efficiency."
Justice
"Public institutions must be entrepreneurial, experimental, and bold."
Leadership
"The state's role in innovation is not contingent; it is fundamental."
Knowledge
"We need to reclaim the narrative of the public sector as a force for progress."
Motivation
"Public institutions are the venture capitalists of last resort."
Wisdom
"Innovation ecosystems require public institutions willing to fund patient capital."
Patience
"We've made the state apologetic when it should be proud."
Courage
"The digital economy is built on analog public investment."
History
"Public institutions should lead, not follow, in addressing grand challenges."
Leadership
"Value creation requires reimagining the role of the public sector."
Change
"The state's capacity to fail is what allows it to take on the hardest problems."
Perseverance
"We've privatized profits while spreading the risks to society."
Justice
"Public institutions need protected spaces to innovate without market pressure."
Freedom
"The green transition requires public institutions as bold as the tech revolution was."
Courage
"We've confused the size of government with the quality of governance."
Wisdom
"Public entrepreneurship is the antidote to both market failure and state failure."
Leadership
"Innovation requires diversity of institutions, not just diversity of firms."
Creativity
"The state must be willing to lose money to make progress."
Strength
"Public institutions have been the most successful risk-takers in history."
History
"We've created a false choice between public and private; we need both."
Philosophy
"The future belongs to states and societies that invest boldly in public institutions."
Hope
"Public value creation is the ultimate measure of state success."
Success
"We need a theory of public value that goes beyond GDP."
Knowledge
"The state's role is not to pick winners but to create the conditions for winners."
Leadership
"Innovation requires public institutions that are both ambitious and accountable."
Wisdom
"We've underinvested in public institutions at precisely the moment we need them most."
"Public sector innovation requires long-term thinking and patient capital."
Patience
"The myth of the market's efficiency is the biggest obstacle to progress."
Truth