Why we need a mission-driven economy (with Mariana Mazzucato)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 11 May 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

What do the internet and COVID vaccines have in common? Neither would be possible without the work of DARPA, a mission-focused federal agency responsible for funding research and development. Professor Mariana Mazzucato is with us this week to argue that our economy will be better off if more government agencies adopt DARPA’s mission-oriented approach. Mariana Mazzucato is a Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation and Public Purpose. She is the author of three highly-acclaimed books: The Entrepreneurial State, The Value of Everything, and Mission Economy. Twitter: @MazzucatoM Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics Mission Economy: https://marianamazzucato.com/books/mission-economy It’s 2023. Here’s how we fixed the global economy: https://time.com/collection/great-reset/5900739/fix-economy-by-2023/#new_tab DARPA’s early investment in COVID-19 antibody identification producing timely results: https://www.darpa.mil/news-events/2020-11-10 Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	Mariana Mazucato is the author of a new book called The Mission Economy and
0:07.0	Moonshot Guide to Changing Capitalism. So when you say moonshot, you don't just
0:12.1	mean something big, you mean a different theory and style of governance.
0:16.3	Absolutely, and I literally mean the everyday stuff that government does. The book
0:21.5	is really about rethinking the intra-organizational governance of the state
0:25.6	in order for it to be really ambitious.
0:32.6	From the home offices of civic ventures in downtown Seattle, this is pitchfork
0:36.8	economics, with Nick Hanauer, the best place to get the truth about who gets what and why.
0:48.0	I'm Nick Hanauer, founder of Civic Ventures. I'm David Goldstein, senior fellow at
0:54.9	Civic Ventures.
0:59.9	So Goldie, today we get to talk to one of my favorite people, Mariana Mazucato, who's
1:05.5	an economics professor at University College London, and is the author of a new book,
1:11.9	another book called The Mission Economy and Moonshot Guide to Changing Capitalism.
1:16.5	She is just brilliant. She lives in London and she'll be with us from there today.
1:22.9	It is so great to read a book like hers and then get to talk to the author.
1:28.2	One of the earlier books I read was her book, The Entrepreneurial State, really
1:32.7	influential in our thinking of the actual role of government in the economy.
1:38.8	And this new book, she breaks it down into some of the core principles where we've
1:44.0	gone wrong in economic theory and where we need to go. And it's very interesting, Nick,
1:49.6	because in this book I hear a lot of narrative that echoes themes which our listeners will be
1:56.3	familiar with on the podcast. She talks about how bad theory leads to bad policy, not to theme
2:02.7	we've been hitting since the very start. She talks about economics as being about who gets what
	...

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