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Economic growth lacks direction without purpose, Mariana Mazzucato argues
Mariana Mazzucato, professor of economics of innovation and public value at University College London, challenges the conventional approach to economic growth, stating that growth alone is not a meaningful mission.
Mazzucato emphasizes that economic growth should be guided by specific objectives rather than being treated as an end in itself. She points to the Common Good Economy as a framework that provides necessary direction and purpose beyond simple growth rates.
Mazzucato has previously called for a new theory that places the common good at the center of economic frameworks. In a recent analysis, she challenged traditional models that treat growth as the sole objective. Her proposal for a Common Good Economy advocates redesigning policy to prioritize collective benefit.
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