Tuesday, March 22, 2022, 12:30PM to 2:00PM (EDT)
An NSSR Economics Alumna and Professor of Economics of Innovation and Public Value at the University College in London, Dr. Mazzucato presented her talk on "Directing Economic Growth: a mission-oriented approach". This lecture made the case for rethinking the role of government in the economy so that it is better equipped to deal with the greatest challenges of our times—health pandemics, climate change and the digital divide. It drew on Professor Mazzucato's recent widely acclaimed book, Mission Economy: a moonshot guide to changing capitalism, and focus on the need to move away from a reactive market fixing approach to a market shaping one. The lecture gave examples on the ‘how’: from ‘outcomes’ based budgeting, to redesigning procurement to nurture bottom up solutions, to a new symbiotic (versus parasitic) partnerships between the public and private sectors—walking the talk of stakeholder value.