The public often helps fund breakthroughs, while private companies claim all the profits. Economist Mariana Mazzucato thinks it’s time to renegotiate.
The drugs in your medicine cabinet were probably discovered on your dime, in a university lab, with NIH money. You don't hold the patent. You don't set the price. Same story with the touchscreen, the GPS and the voice assistant in your pocket.
The public often helps fund breakthroughs, while private companies claim all the profits. Economist Mariana Mazzucato thinks it’s time to renegotiate. In “The Common Good Economy: A New Compass”, she makes the case for reshaping markets around the common good.
Luigi Zingales and Bethany McLean press the uncomfortable question: can a government captured by business really be trusted to change the rules?
You can find “The Common Good Economy: A New Compass” here: https://marianamazzucato.com/books/the-common-good-economy/the-common-good-economy-us/
Mariana Mazzucato is a Professor at University College London, Founding Director of the UCL Institute for Innovation and Public Purpose and author of “The Common Good Economy: A New Compass”.
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