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Mariana Mazzucato: Rethinking economic theory to focus on the common good

Mariana Mazzucato: Rethinking economic theory to focus on the common good
Rethinking economic aims for the common good

Mariana Mazzucato, professor of economics of innovation and public value at University College London, challenges traditional approaches to economic theory.

Mazzucato questions models that address only market failures, calling instead for frameworks centered on the common good as a primary objective. She emphasizes the importance of both ends and means in shaping economic policy and invites further discussion on these themes at an event in Barcelona.

Mazzucato has previously cited the U.K.'s failure to match G7 and OECD public investment levels, estimating a missed opportunity of $500 billion in public and $350 billion in private funding over three decades, according to her analysis. She has also urged Britain to broaden public finance initiatives after comparing the nation's approach with Germany's KfW bank, which lent £53.5 billion in 2025, as noted in another article. These views inform her calls for more ambitious economic frameworks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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