Changing how the state is imagined, practised and evaluated to tackle societal challenges. Director
@MazzucatoM
, Deputy Directors
@rainerkattel
and
@daeaves
In 2023, we celebrated our 5-year anniversary. In the five years since IIPP was set up, our research and policy work has focused on real world applications, local and global.
Learn all about our work through our 5-Year Impact Report.
Read it here:
Who Will Establish Metaverse Ethics? 🌐
In this recent piece for
@ProSyn
, IIPP's
@EntsmingerJosh
,
@Exp_Mark
and
@Terencecmtse
explore the regulation of the metaverse and the ethical challenges.
Read more below:
IIPP Director
@MazzucatoM
has met Colombian President
@petrogustavo
Finance Minister
@JoseA_Ocampo
and the Colombian Cabinet to discuss a new approach to capitalism and her new
@eclac_un
report about the mission-oriented approach in LAC.
Find out more ➡️
The neoliberal era is ending. What comes next? Powerful long read by
@rcbregman
featuring IIPP Director
@MazzucatoM
talking about the current turning of the tide from neoliberalism to a possible
#GreenNewDeal
We are so proud to announce that IIPP Director
@MazzucatoM
has been elected as the 2020 recipient of the John von Neumann Award!
Find out more about the ceremony and open lecture with Professor Mazzucato on Monday October 12th at 7pm BST.
"Are civil servants allowed to be foolish and hungry?” IIPP Director
@MazzucatoM
’s hilarious and frank response why we should allow civil servants to experiment, fail and learn how to do things next time. Watch the full talk here:
"Mariana Mazzucato wants liberals to talk less about the redistribution of wealth and more about its creation. Politicians around the world are listening."
@MazzucatoM
in
@nytimes
The world's first company to reach $1 trillion market value had a bit of help from the state - the most important technology in the iPhone was publicly financed (as explained in
@MazzucatoM
's Entrepreneurial State)
Pope Francis cites work of IIPP Director
@MazzucatoM
in his latest book. In ‘Let Us Dream: The Path to a Better Future’ Pope Francis looks to the work of female economists as the path forward towards a more equitable economy.
Read more here:
Our Director
@MazzucatoM
recently gave a series of short talks for Great Minds on the role of the state as a game changer in the modern economic system.
#greatminds
Watch them here ➡️
It's time to stop worrying about deficits and start worrying about jobs. IIPP Board member
@StephanieKelton
in
@FT
discusses the importance of government borrowing in enabling a strong recovery from the
#COVID19
pandemic.
If you missed IIPP Director
@MazzucatoM
’s appearance on
@SkyNews
Live yesterday talking about Brexit and its effect on the UK economy, you can watch it via this link:
"I don't even believe in entrepreneurs. I believe in entrepreneurial systems, which allow certain individuals or organizations to really think out of the box."
@MazzucatoM
on
@TEDRadioHour
:
'When people talk about missions, I always warn them: if this is something that makes you feel comfortable and happy and cosy, then you haven't understood it...'
@MazzucatoM
speaks to
@WiredUK
on missions: a concept underpinning IIPP’s work & research.
"When the economy is in crisis, who do we turn to for help? Not corporations - it’s governments. But when the economy is flourishing, we ignore governments and let corporations soak up the rewards." More from IIPP Director
@MazzucatoM
in
@nytimes
IIPP Director
@MazzucatoM
outlines a framework to help redesign our economics around the common good. Her paper provides key criteria to help govern and tackle our collective challenges.
Read it here ➡️
IIPP Director
@MazzucatoM
outlines a framework to help redesign our economics around the common good. Her paper provides key criteria to help govern and tackle our collective challenges.
Read it here ➡️
"When the economy is in crisis, who do we turn to for help? Not corporations - it’s governments. But when the economy is flourishing, we ignore governments and let corporations soak up the rewards." More from IIPP Director
@MazzucatoM
in
@nytimes
"A recent study of 14 advanced economies found that 81% of the rise in house prices is attributable to land, not the dwellings that rest on it." For the sake of "Generation Rent" and to address the effects of land speculation, we need an economic rethink.
Our director
@MazzucatoM
signed an agreement today with
@gestaogovbr
&
@EnapGovBr
to support their efforts to build the capabilities, tools & institutions needed to implement Brazil’s transformative agenda, as part of a broader collaboration.
@edweck_rj
The city of Barcelona is leading the way in creating public value in the digital age while also protecting its citizens and their data. Read more on this great example of governing the digital economy based on a recent Rethinking Capitalism lecture.
Praised for challenging conventional wisdom about the role of the state in public policy and innovation, IIPP Director
@MazzucatoM
has been awarded the 2019 Madame de Staël prize. Congratulations again to Mariana! Read more.
We are so proud to announce that IIPP Director
@MazzucatoM
has been elected as the 2020 recipient of the John von Neumann Award!
Find out more about the ceremony and open lecture with Professor Mazzucato on Monday October 12th at 7pm BST.
.
@EU_Commission
has released the results of an EU-wide consultation on IIPP Director
@MazzucatoM
's report on how missions can be used to structure Horizon Europe research and innovation (R&I) funding around grand societal challenges. Read more.
IIPP Dir.
@MazzucatoM
& PhD Student
@FaustoGernone
argue that governing AI for the common good needs entrepreneurial states establishing mutually beneficial partnerships that are oriented around shared goals & create public value.
Read the
@ProSyn
op-ed➡️
Austerity forces the economy to balance the budget - but what if we allowed the budget to balance the economy? Watch
@StephanieKelton
talk
@britishlibrary
on importance of mission-oriented budgeting
#Brexit
uncertainty means that the UK still hasn’t secured access to the €100bn Horizon Europe fund. IIPP Director
@MazzucatoM
and Head of Industrial Strategy and Policy Engagement
@GeorgeDibb
write more on the effect of this on UK science and R&D.
IIPP Director
@MazzucatoM
argues that the only way to fix a dysfunctional economic system is to reinvigorate the debate about value, asking tough questions that would allow us to differentiate value creation from value extraction, and profits from rent.
"Are civil servants allowed to be hungry and foolish. Of course not, that's why they're depressed!" Watch
@MazzucatoM
's talk on The Value of Everything, part of our pathbreaking public lecture series in partnership with
@britishlibrary
:
Who Will Establish Metaverse Ethics? 🌐
In this recent piece for
@ProSyn
, IIPP's
@EntsmingerJosh
,
@Exp_Mark
and
@Terencecmtse
explore the regulation of the metaverse and the ethical challenges.
Read more below:
IIPP Director
@MazzucatoM
outlines a framework to help redesign our economics around the common good. Her paper provides key criteria to help govern and tackle our collective challenges.
Read it here ➡️
'When people talk about missions, I always warn them: if this is something that makes you feel comfortable and happy and cosy, then you haven't understood it...'
@MazzucatoM
speaks to
@WiredUK
on missions: a concept underpinning IIPP’s work & research.
Watch
@StephanieKelton
's inspiring talk on why a government budget is not a family budget… and why this matters, part of IIPP's pathbreaking public lecture series in partnership with
@britishlibrary
Transforming economic structures is an investment in a future of resilience, sustainability and better resource efficiency. Read the full interview by
@IrishTimes
with IIPP Director
@MazzucatoM
on doing economics differently in a post-
#covid19
world.
.
@MazzucatoM
's missions a driving force behind what could be “the biggest increase in absolute terms, ever” for the EU's research and innovation programme
IIPP is excited to announce a new public event series for 2021: Who owns what and why?
This thought-provoking series explores ideas of ownership, value extraction and value distribution. Watch this space.
#IIPPWOWAW
Details and booking available now:
What could our economy look like if we allowed mission-oriented budgeting to balance the economy? Watch
@StephanieKelton
#BLpublicpurpose
talk 'The public purse' to find out
'When people talk about missions, I always warn them: if this is something that makes you feel comfortable and happy and cosy, then you haven't understood it...'
@MazzucatoM
speaks to
@WiredUK
on missions: a concept underpinning IIPP’s work & research.
Public value is value that is created collectively for a public purpose. Read more from IIPP Director
@MazzucatoM
and Deputy Director
@rainerkattel
in their policy brief, "Getting Serious About Value":
Our Rethinking Capitalism module features world-leading economic thinkers providing insight into modern-day policy challenges. We’re releasing each lecture to the public with the first one by IIPP Director
@MazzucatoM
. View them here and check back weekly.
Intellectual monopolies harm society by privately monetizing intangible goods. Their value extraction through rents deprives access to knowledge & reduces other firms’ share in total value produced.
Read IIPP Head of Research
@CeciliaRikap
on her book ➡️
"Effective governance, it turns out, cannot be conjured up at will, because it requires investment in state capacity." Read this latest piece by IIPP Director
@MazzucatoM
&
@gquaggiotto
for
@ProSyn
on the big failure of small government.
On 7 May 2020 at 1-1.30pm BST, IIPP Director
@MazzucatoM
will be speaking with
@RSAMatthew
, discussing the potential for new structures, strategies and alliances to lay the foundations for an inclusive and sustainable post-crisis economy – register here
Watch
@MazzucatoM
's recent talk at the
@britishlibrary
, where she spoke about how public organisations can build capacity through experimentation and innovation. Full video on our YouTube channel:
The neoliberal era is ending. What comes next? Powerful long read by
@rcbregman
featuring
@MazzucatoM
about the current turning of the tide from neoliberalism to a possible
#GreenNewDeal
.
"A more purposeful capitalism requires... purpose to be put at the centre of how value is defined in firms, in governments, and by economic theory.” IIPP Director
@MazzucatoM
lists three key steps to make this sense of purpose real.
"Any vaccine against Covid-19 should be patent-free, produced at scale and made available at no cost to people everywhere" urge 140 leaders in the
#PeoplesVaccine
open letter. Proud to have IIPP's
@MazzucatoM
name included. Read more about it below.
IIPP Director
@MazzucatoM
has joined more than 200 leaders from public health, economics, faith, and racial justice communities to sign an open letter to
@POTUS
Joe Biden calling for a
#PeoplesVaccine
. Read the letter:
We're proud to announce a new partnership between IIPP and
@OECD
launched at
#WorldGovSummit
yesterday by IIPP Director
@MazzucatoM
and OECD Secretary General
@A_Gurria
, aiming to drive innovation in the public sector. Read more about the partnership.
'When people talk about missions, I always warn them: if this is something that makes you feel comfortable and happy and cosy, then you haven't understood it...'
@MazzucatoM
speaks to
@WiredUK
on missions: a concept underpinning IIPP’s work & research.
IIPP welcomes
@SaskiaSassen
&
@richardsennett
as honorary professors to help us reimagine how cities as public places enable new forms of innovation and experimentation to tackle societal challenges such as the climate emergency and inequality. Learn more!
Read contributions from IIPP’s
@francesca_bria
,
@rainerkattel
& Fernando Fernández-Monge to the blueprint for cities where they argue for governing data with the guiding principle of democracy to improve their capabilities to tackle grand challenges
➡️
The year is 2023 - what did we learn from
#COVID19
? What opportunities did it give us to reshape our global economy?
Read the thoughts of
@MazzucatoM
in the latest edition of
@TIME
. How can we
#BuildBackBetter
?
"If the state is only there to fix market failures and then get out of the way, then there is not much incentive to invest in the knowledge creation mechanisms to co-create value." Read the latest profile on IIPP Director
@MazzucatoM
by
@IMFNews
.
We’re excited to welcome economist
@BrankoMilan
for a public lecture on recent trends in global income distribution. Join us as he explores the political implications of these trends. Chaired by IIPP Director
@MazzucatoM
. Learn more and book now.
Watch as
@bankofengland
Chief Economist Andy Haldane explores 10 monetary myths that will help present and future generations to rethink and reframe the way we organise our economies, our financial systems and our societies.
“...it is not about calling finance predatory but rather asking how the financial sector can be transformed to actually fund areas in the real economy, rather than other parts of the financial sector.” Read more from IIPP Director
@MazzucatoM
.
IIPP Director
@MazzucatoM
's new book 'Mission Economy: a moonshot guide to changing capitalism' is out next week! 🚀
Keep an eye out for launch event details.
Further details on talks and reviews here:
In case you missed it:
IIPP Director
@MazzucatoM
tells
@jonsnowC4
'There’s no such thing as spending too much' public money to save economies.
#missioneconomy
Watch now 📺 :
The year is 2023 - Imagine this:
'By ending precarious work and properly funding our public institutions, we are valuing those who hold our society together, and strengthening our civic infrastructure for the crises yet to come.'
@MazzucatoM
in
@TIME
The latest report by IIPP Director
@MazzucatoM
focuses on three questions towards mission-oriented thinking that will unleash full potential of research and innovation policymaking. Read the report to explore these three questions.
”When I use the word ‘state’ I am talking about a decentralised network of different state agencies. When such agencies are mission-oriented to solve problems and structured to take risks, they can be an engine of innovation.”
@MazzucatoM
for
@WiredUK
'To get real about purpose we need to concentrate on purpose throughout production, recognise that value is created collectively, and build more symbiotic partnerships between public institutions, private institutions and civil society.’
@MazzucatoM
IIPP Director
@MazzucatoM
and Visiting Policy Fellow Simon Sharpe write on the limitations of tools such as cost-benefit analysis which lead to policy errors with long term consequences. How do we make better economic policy choices? Read more on
@ProSyn
.
'To get real about purpose we need to concentrate on purpose throughout production, recognise that value is created collectively, and build more symbiotic partnerships between public institutions, private institutions and civil society.’
@MazzucatoM
The most important technology in the iPhone was publicly financed (internet, GPS, Touchscreen & Siri) yet this was not part of Apple's story - missing stories of public effort mean only risks, and not rewards, have been shared, explains
@MazzucatoM
In a recent edition of
@AnandWrites
's newsletter, , he sits down in a conversation with IIPP Director
@MazzucatoM
on the US Government's relief plan, the problem underlying it and the case against Scroogenomics.
IIPP Director
@MazzucatoM
explains how solving society’s toughest problems starts with rethinking how value is created and innovation is incentivised in interview with
@stratandbiz
"I think one of the things that we should do, as a society, is actually to identify the kinds of business practices that we think are really creating value, as opposed to extracting it, siphoning it out. That means going to the core of how value is created in business"
@MazzucatoM
Just landed 🛬 new IIPP working paper 'Redirecting Growth: Inclusive, sustainable and innovation-led' by
@MazzucatoM
and
@CarlotaPrzPerez
on bringing innovation to the centre of government thinking and action to promote inclusive growth.
Read it here 👉
Join
@MazzucatoM
in conversation with
@AnandWrites
as part of 'Who owns what and why?'
#IIPPWOWAW
Who is financing what and why does it matter?
12 May 2021, 5:30pm–7:00pm BST
Our latest blog examines
@StephanieKelton
’s argument that instead of approaching fiscal policy like a household budget, governments should focus on mission-oriented budgeting to deliver public value and a balanced economy for all. Read more.
In case you missed it, the Pope spoke this week about the work of
@IIPP_UCL
Director
@MazzucatoM
on the need to reform capitalism towards the common good, especially in the policy responses to
#COVID19
"We idolise entrepreneurs as genius risk-takers but overlook a major player in the innovation process: government." IIPP Director
@MazzucatoM
on
@TEDRadioHour
Leading economists like
@mazzucatom
are working to put an end to economic short-termism & drawing the attention
to pressing long-term challenges such as achieving the
@UN
's
#SDGs
The latest episode of the
@Freakonomics
series on Adam Smith is now available! Listen to
@MazzucatoM
discuss how Smith's work has influenced her own work, and explain how his notion of a "free market" is widely misinterpreted.
🎧
Interesting long read to end your Monday in
@TheEconomist
on the role that green investing can play in climate change, including IIPP's
@MazzucatoM
and Gregor Semieniuk.