Mariana Mazzucato

from Wikipedia, the free encyclopedia
Mariana Mazzucato

Mariana Mazzucato (born June 16, 1968 in Rome ) is an Italian-American economist . Since 2017 she has been Professor of Economics of Innovation and Public Value at University College London. There she is also the founder and director of the Institute for Innovation and Public Purpose (IIPP). She is the author of the study on the state as an entrepreneur The Entrepreneurial State: debunking public vs. private sector myths .

Life

Mazzucato's parents Ernesto and Alessandra moved from Italy to Princeton, New Jersey , in 1972 with their three young children, Valentina, Mariana and Jacopo. Father Ernesto had got a job as a physicist at Princeton Plasma Physics Laboratory . Mariana grew up in the United States and did not return to Europe until 2000.

In 1990 Mazzucato earned a Bachelor of Arts degree in history and international relations from Tufts University . She then studied economics at the New School for Social Research (Master 1994, PhD 1999).

In 1997 she became an assistant professor of economics at the University of Denver . In 1998/99 she was a Post Doc Marie Curie Research Fellow at the London Business School , where she researched and published with Paul Geroski . In 2000 she became a lecturer at the Open University and in 2004 a full professor. From 2007 to 2009 she was visiting professor at the Luigi Bocconi University of Economics . Between 2011 and 2017 she was RM Phillips Professor of Innovation Economics at the University of Sussex , (SPRU).

She was awarded the Leontief Prize in 2018 and the alternative Not the Nobel Prize in 2019 .

Mazzucato is married and has four children with the Italian film producer Carlo Cresto-Dina.

research

Mazzucato primarily researches the question of how innovation comes about and which actors are involved in what form. The economist became known through her book "Capital of the State. Another Story of Innovation and Growth". In this, she refutes the myth that only the private sector drives innovation and the state is sluggish and has no innovation potential. Based on the history of the development of significant technical innovations such as the Internet, GPS or micro-processors, it shows that it was above all state capital that drove the development of these technologies.

She sees the reason for this in the short-term profit interests of venture capital . Big innovations like the Internet or the development of microprocessors were fraught with great risk and took decades to generate profits. However, venture investors are hardly prepared to wait more than five years for profits. Due to the high risk and the long research times, the state has to take over the financing for the development of major innovations.

Mazzucato deals with the problem that the state bears the costs and risks of major innovations, while private companies generate the profit. This inhibits the state's ability to innovate. Mazzucato fears that this would not provide the necessary innovative strength to cope with challenges such as the climate crisis.

Publications

Monographs

  • The Value of Everything: Making and Taking in the Global Economy Penguin, London 2018, ISBN 978-0-141-98076-8 .
  • The Entrepreneurial State: debunking public vs. private sector myths. Anthem Press, London 2013, ISBN 978-0-85728-252-1 .
  • The Entrepreneurial State . Demos, London 2011, ISBN 978-1-906693-73-2 .
  • with J. Lowe, A. Shipman and A. Trigg: Personal Investment: Financial Planning in an Uncertain World. Palgrave Macmillan, Basingstoke 2010, ISBN 978-0-230-24660-7 .
  • with G. Dosi (Ed.): Knowledge Accumulation and Industry Evolution: Pharma-Biotech. Cambridge University Press, Cambridge 2006, ISBN 0-521-85822-4 .
  • as editor: Strategy for Business, A Reader. Sage Publications, London 2002, ISBN 0-7619-7413-X .
  • Firm Size, Innovation and Market Structure: The Evolution of Market Concentration and Instability. Edward Elgar, Northampton 2000, ISBN 1-84064-346-3 .

items

  • with S. Parris: Heterogeneity, R&D and growth: a quantile regression approach. In: Small Business Economics Journal. 43 (1), 2014. doi: 10.1007 / s11187-014-9583-3
  • Debunking the market mechanism: a response to John Kay. In: Political Quarterly. 84 (4), 2013, pp. 444-447.
  • Costruire lo Stato innovatore: un nuovo quadro per la previsione e la valutazione di politiche economiche che creano (non solo aggiustano) il mercato. In: Economia & Lavoro. 3, Sept-Dec 2014. (Special Issue on The Entrepreneurial State: A DISCUSSION (Lo Stato innovatore: una discussione))
  • with A. Shipman: Accounting for productive investment and value creation. In: Industrial and Corporate Change. 23 (1), 2014, pp. 1–27.
  • with W. Lazonick and O. Tulum: Apple's Changing Business Model: What Should the World's Richest Company Do with All Those Profits? In: Accounting Forum. 37, 2013, pp. 249-267.
  • Finance, innovation and growth: finance for creative destruction vs. destructive creation. In: Industrial and Corporate Change. 22 (4), 2013, pp. 869-901. (special issue)
  • with W. Lazonick: The risk-reward nexus in the innovation-inequality relationship: Who takes the risks? Who gets the rewards? In: Industrial and Corporate Change. 22 (4), 2013, pp. 1093-1128. (special issue)
  • with M. Tancioni: R&D, Patents and Stock Return Volatility. In: Journal of Evolutionary Economics. Vol. 22 (4), 2012, pp. 811-832.
  • with P. Demirel: Innovation and Firm Growth: Is R&D Worth It? In: Industry and Innovation. Vol. 19, (2), 2012.
  • with P. Demirel: The Evolution of Firm Growth Dynamics in the US Pharmaceutical Industry. In: Regional Studies. Vol. 44 (8), 2010, pp. 1053-1066.
  • with M. Tancioni: Idiosyncratic Risk and Innovation: A Firm and Industry Level Analysis. In: Industrial and Corporate Change. Vol. 17 (4), 2008, pp. 779-811.
  • Innovation and Stock Prices. In: Revue de L'Observatoire Francais de Conjonctures Economiques. June 2006. (Special Issue on Industrial Dynamics, Productivity and Growth)
  • with M. Tancioni: Indices that Capture Creative Destruction: Questions and Implications. In: Revue d'Economie Industrielle. 110 (2nd tr.), 2005, pp. 199-218.
  • Risk, Variety and Volatility: Innovation, Growth and Stock Prices in Old and New Industries. In: Journal of Evolutionary Economics. Vol. 13 (5), 2003, pp. 491-512.
  • with P. Geroski: Learning and the Sources of Corporate Growth. In: Industrial and Corporate Change. Vol. 11 (4), 2002, pp. 623-644.
  • The PC Industry: New Economy or Early Life-Cycle. In: Review of Economic Dynamics. Vol. 5 (2), 2002, pp. 318-345.
  • with P. Geroski: Myopic Selection and the Learning Curve. In: Metroeconomica. Vol. 53 (2), 2002, pp. 181-199.
  • with W. Semmler: The Determinants of Stock Price Volatility: An Industry Study. In: Nonlinear Dynamics, Psychology, and Life Sciences. Vol. 6 (2), 2002, pp. 230-253.
  • with P. Geroski: Modeling the Dynamics of Industry Populations. In: International Journal of Industrial Organization. Vol. 19 (7), 2002, pp. 1003-1022.
  • Firm Size, Innovation, and Market Share Instability: the Role of Negative Feedback and Idiosyncratic Events. In: Advances in Complex Systems. Vol. 3 (1-4), 2000, pp. 417-431.
  • with W. Semmler: Stock Market Volatility and Market Share Instability during the US Automobile Industry Life-Cycle. In: Journal of Evolutionary Economics. Vol. 9 (1), 1999, pp. 67-96.
  • A Computational Model of Economies of Scale and Market Share Instability. In: Structural Change and Economic Dynamics . Vol. 9 (1), 1998, pp. 55-83.

Individual evidence

  1. ↑ CV | Mariana Mazzucato. Retrieved March 19, 2020 (American English).
  2. ↑ anthempress.com ( Memento of the original from September 28, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.anthempress.com
  3. ↑ a b Alessandra Mazzucato obituary , Town Topics , February 16, 2011.
  4. ↑ a b c according to curriculum vitae on their own website ( memento of the original from April 20, 2015 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / marianamazzucato.com
  5. ↑ P. Geroski, M. Mazzucato: Modeling the Dynamics of Industry population. In: International Journal of Industrial Organization. Vol. 19 (7), 2002, pp. 1003-1022.
  6. ↑ P. Geroski, M. Mazzucato: Myopic Selection and the Learning Curve. In: Metroeconomica. Vol. 53 (2), 2002, pp. 181-199.
  7. ↑ P. Geroski, M. Mazzucato: Learning and the Sources of Corporate Growth. In: Industrial and Corporate Change. Vol. 11 (4), 2002, pp. 623-644.
  8. ^ Announcement in The Mint magazine
  9. ↑ imdb.com
  10. ↑ Zeit.de
  11. ↑ theGuardian.com
  12. ↑ wired.co.uk

Web links

personal data
SURNAME Mazzucato, Mariana
BRIEF DESCRIPTION Italian-American economist
DATE OF BIRTH June 16, 1968
PLACE OF BIRTH Rome , Italy