, RM Phillips Professor in the Economics of Innovation at Mariana MazzucatoSPRU, is one of the five new members appointed by First Minister of Scotland Nicola Sturgeon to the Council of Economic Advisers (CEA). The five new members join the Council to support the Scottish Government’s efforts to promote innovation while tackling inequalities. Professor Mazzucato will be working alongside two Nobel prize winning economists Professor Joseph Stiglitz and Professor Sir James Mirrlees to advise on the policy mix for the delivery of the new Economic Strategy.
Professor Mazzucato said. “I look forward to working alongside the other members of the Council of Economic Advisers to advise on how to deliver growth that is both ’smart’ and ‘inclusive’ - the key challenge facing Governments around the world today. This requires some hard choices and some myth-busting as many policies that have recently been justified in the name of ‘innovation’ have actually only increased inequality."
Mariana Mazzucato already advises the UK government and the European Commission on innovation-led growth. Her book “The Entrepreneurial State: debunking private vs. public sector myths” was on best books of the year lists in the Financial Times and Ford, and she recently won the 2014 New Statesman SPERI Prize in Political Economy.
Next week she is launching a book in Parliament on Mission Oriented Finance for Innovation: new ideas for investment-led growth that includes edited speeches from the Mission-Oriented Finance for Innovation conference which she organised in July 2014, where Business Minister Vince Cable gave the opening address, referring to Mazzucato's work as very influential on the government’s new thinking about innovation policy. In 2013, the New Republic called her one of the '3 most important thinkers about innovation’.