Mission Economy: A Moonshot Guide to Changing Capitalism

Longlisted for the 2021 Porchlight Business Book Awards, Big Ideas & New Perspectives

"She offers something both broad and scarce: a compelling new story about how to create a desirable future."--New York Times

An award-winning author and leading international economist delivers a hard-hitting and much needed critique of modern capitalism in which she argues that, to solve the massive crises facing us, we must be innovative--we must use collaborative, mission-oriented thinking while also bringing a stakeholder view of public private partnerships which means not only taking risks together but also sharing the rewards.

Capitalism is in crisis. The rich have gotten richer--the 1 percent, those with more than $1 million, own 44 percent of the world's wealth--while climate change is transforming--and in some cases wiping out--life on the planet. We are plagued by crises threatening our lives, and this situation is unsustainable. But how do we fix these problems decades in the making?

Mission Economy looks at the grand challenges facing us in a radically new way. Global warming, pollution, dementia, obesity, gun violence, mobility--these environmental, health, and social dilemmas are huge, complex, and have no simple solutions. Mariana Mazzucato argues we need to think bigger and mobilize our resources in a way that is as bold as inspirational as the moon landing--this time to the most 'wicked' social problems of our time.. We can only begin to find answers if we fundamentally restructure capitalism to make it inclusive, sustainable, and driven by innovation that tackles concrete problems from the digital divide, to health pandemics, to our polluted cities. That means changing government tools and culture, creating new markers of corporate governance, and ensuring that corporations, society, and the government coalesce to share a common goal.

We did it to go to the moon. We can do it again to fix our problems and improve the lives of every one of us. We simply can no longer afford not to.

Mariana Mazzucato, PhD, is a professor in the Economics of Innovation and Public Value at University College London, where she is the founding director of the UCL Institute for Innovation & Public Purpose. She has written, edited, or co-authored numerous books, articles, and papers on policy, capitalism, economics, and innovation, including The Entrepreneurial State: Debunking Public vs. Private Sector Myths and The Value of Everything: Making and Taking in the Global Economy. She advises policy makers worldwide and is currently a member of the South African Presidential Economic Advisory Council, the Scottish Government's Council of Economic Advisors; the UN's Committee for Development Policy, and the OECD's Secretary General's Advisory Group on a New Growth Narrative. She is also a Special Advisor to the Italian Prime Minister, and a Special Advisor for the EC Commissioner for Research, Science and Innovation. She lives in London with her husband and four children.