University of Cambridge > Talks.cam > All POLIS Department Seminars and Events > 2016 Annual Public Policy Lecture: Smart and Inclusive Growth, a New Narrative on Wealth Creation

2016 Annual Public Policy Lecture: Smart and Inclusive Growth, a New Narrative on Wealth Creation

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Building on the core ideas in my book The Entrepreneurial State: debunking private vs. public sector myths, the talk will highlight the narrow way in which public policy is viewed in economics and the implications of this for our understanding of wealth creation. Focusing 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.

Please register at: https://www.eventbrite.co.uk/e/2016-annual-public-policy-lecture-by-prof-mariana-mazzucato-tickets-29051773637

This talk is part of the All POLIS Department Seminars and Events series.

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