Join esteemed economists Oren Cass, founder of American Compass and Financial Times contributor; Mariana Mazzucato, UCL professor and author of "The Entrepreneurial State"; and Paul Krugman, Nobel laureate and Substack writer as they dissect the implications of Trumponomics. They explore Trump's tariffs, the efficacy of industrial policy, and the complex dynamics of U.S. trade relations. The conversation also covers the necessity of AI regulation, concerns about economic bubbles, and the intertwined effects of immigration on the economy.

In this insightful discussion, Mariana Mazzucato, a professor at University College London and a leading expert on mission-oriented policy, argues for a revitalized role of the state in innovation. She reflects on JFK's moon landing as a model for tackling large challenges today, like climate change and pandemics. Mazzucato critiques the myth of the solitary entrepreneur, advocating for government-led, collaborative initiatives to drive technological advancements. The conversation emphasizes the need for ambition and coordination in public policies to stimulate innovation.

Economist Mariana Mazzucato challenges the influence of consulting firms on government decisions and advocates for innovative, inclusive growth strategies. She emphasizes the importance of strategic public investment, balancing social and economic priorities, leadership failures in the public sector, unexpected recognition from Pope Francis, and navigating inequality and algorithmic rents in the AI era.

Mariana Mazzucato, a Professor in the Economics of Innovation at University College London and author of 'Mission Economy', explores the urgent need to reshape capitalism and public investment. She discusses the dysfunctions of current economic policies and how labor dynamics and union representation could be transformed. Mazzucato emphasizes the vital role of public investment in wealth creation, challenging the bias toward value extraction. The conversation also critiques our understanding of value versus price, advocating for a more equitable approach to economic success.

In Episode 185 of Hidden Forces, Demetri Kofinas speaks with Mariana Mazzucato, a Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She is the winner of numerous, prestigious international prizes including the 2020 John von Neumann Award, Chairs the World Health Organization's Council on “the Economics of Health for All,” and is also the author of three highly-acclaimed books, the latest of which is “Mission Economy: a Moonshot Guide to Changing Capitalism.”  In it, Mariana argues that if we want to meet the principal challenges facing us in the 21st century, we need to rethink the capacities and role of government and above all recover a sense of public purpose. We need to be innovative, collaborative, and mission-oriented in our thinking, while also taking a stakeholder view of public-private partnerships, which means that when we take risks together that we also share in the rewards that derive from those risks.   The purpose of today’s conversation is to help you think bigger about how we as a community of citizens and nations can mobilize our resources in a way that is bold, inspirational, and oriented towards solving the most ‘wicked’ social problems of our time. This means changing government tools and culture, creating new markers of corporate governance, and ensuring that corporations, society, and the government can coalesce around a common set of goals, ambitions, and objectives.   In the subscriber overtime, Mariana and Demetri discuss how the politics of divisiveness impact our ability to work towards shared outcomes, why Western society seems to have become more individualistic, and what we can do to shift our cultural awareness towards a more collaborative mind-set when it comes to value creation in both the public and private sectors. You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed Write us a review on Apple Podcasts Subscribe to our mailing list through the Hidden Forces Website Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://patreon.com/hiddenforces Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 03/22/2021

Author Mariana Mazzucato discusses the negative impact of the consulting industry in government and business, highlighting short-termism, outsourcing, and the importance of addressing global challenges collectively. They also explore the role of consultants in government funding and propose solutions for finding the proper balance between the private sector, public sector, and consulting industry.

Economist Mariana Mazzucato discusses the important role of governments in driving innovation and shaping the economy. Testimonials highlight the impact of her entrepreneurial state concept on policy making. They discuss working together in an entrepreneurial way, frustrations of governments losing talent, and the relevance of embracing this approach. The chapter explores the need for long-term thinking, the influence of media on perception, and the value of recognizing work done by individuals in various sectors.

Influential economist Mariana Mazzucato discusses changing capitalism through collective intelligence and collaboration, addressing global challenges like climate change and government spending inefficiencies. The podcast explores redefining wealth creation, empowering communities for a common good economy, and fostering innovation through targeted moonshot missions. It emphasizes the importance of participation and capacity building in governance for effective societal progress.

Megan Gibson speaks to the economist and author Mariana Mazzucato, professor at the UCL Institute for Innovation and Public Purpose. The Big Con is her latest book, co-written with Rosie Collington, which exposes the consequences of governments’ dependency on consultancies such as McKinsey and Deloitte. “The more governments and businesses outsource,” they write, “the less they know how to do.”They discuss the rise of the consultancy industry and how these companies have, over the course of decades, enfeebled governments while making billions. They cover scandal after scandal, from McKinsey’s role in the US opioid crisis to Deloitte and Boston Consulting Group’s mega-profits from Britain’s test and trace system. Ultimately, Mazzucato makes the case for reimagining how we approach capitalism.Subscribers can get an ad free version of the NS Podcast on the New Statesman app Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer. Read more:Megan Gibson interviews Mariana Mazzucato: “Consultancies depend on weak governments”Will Lloyd on how consultancy bleeds Britain dry. Hosted on Acast. See acast.com/privacy for more information.

Economist Mariana Mazzucato and collaborator Rosie Collington debunk the value of consultancies. They highlight failures in responding to challenges like climate change and COVID-19. They discuss the role of government, the drawbacks of excessive reliance on consultants, and the need for mission-oriented policy. They delve into historical context, aligning government actions with citizens' interests, and strengthening organizational capacity. They also address the impact of consulting firms in global health and the importance of transparency for driving change.