"Smart and Inclusive Growth: A New Narrative on Wealth Creation"
Friday 27th January, 3pm - 5.30pm
Room LG. 11, David Hume Tower
George Square, University of Edinburgh
Focussing on the relationship between the State and innovation-led growth, the talk will look at the key role that public policies have had in envisioning change, and taking on extreme risk and uncertainty in the innovation process. This has entailed the State acting not just as lender of last resort, but as investor of first resort. In this context, economic policy is more about market making and shaping, rather than just a market fixing.
The talk will then consider the implications of this different understanding of public policy, for a more 'collective' understanding of wealth creation, and ways to ensure that not only risks but also rewards are socialised.
*After the talk there will be a wider discussion with the whole audience. All attendees are then invited to attend an informal drinks reception from approximately 4.30pm*
Professor Mariana Mazzucato (PhD) holds the RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex. Her book The Entrepreneurial State: debunking public vs. private sector myths (Anthem 2013; US edition Public Affairs, 2015) was on the 2013 Books of the Year list of the Financial Times. Professor Mazzucato is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis and in 2013 the New Republic called her one of the '3 most important thinkers about innovation'.