SPRU - Science Policy Research Unit

Prof Mazzucato at US Senate Forum

Prof Mazzucato was a panelist at US Senate Forum on middle-class prosperity

Mariana Mazzucato, RM Phillips Professor in the Economics of Innovation at SPRU, in the University of Sussex, gave evidence to a US Senate Forum of the Middle-Class Prosperity Project, convened by Senator Elizabeth Warren and Congressman Elijah Cummings, in Washington DC on Monday 27th July, 2015.

Mazzucato was invited as a panelist at the hearing, to talk about her work on the role of public investments in fuelling innovation led growth, and the problems associated with the mainstream narrative about who the ‘wealth creators’ are.  The Middle-Class Prosperity Project is examining the issue of declining middle-class incomes in America, aiming to focus greater congressional and public attention on the challenges facing the middle class, and to formulate and implement concrete policy changes in order to address these challenges. Previous panellists included Joseph Stiglitz and Jared Bernstein.

In advance of the hearing, Professor Mazzucato submitted a written statement. Plesae see 'The Middle Class Prosperity Project' for more information about the porject.

 The Committee on Oversight & Government Reform provide an online video recording of the senate discussion with all participants in full.

A shorter video of the debate starting with Prof Mazzucato is also available.

In June 2015, the New York Times’ Eduardo Porter wrote a piece about Professor Mazzucato’s work on how the US could better share both the risks and rewards of innovation, concluding that “Professor Mazzucato’s proposal is worth pondering…. Taxpayers have a large, unacknowledged role in the nation’s innovation. They deserve some credit. And perhaps more, if that’s what it would take to power innovation’s future.

A new US edition of her book, The Entrepreneurial State: debunking public vs. private sector myths, with a new introduction, will be published by Public Affairs in October this year.  In 2014 Foreign Affairs published an article by Professor Mazzucato on the Innovative State.  In May 2014 the book was discussed at a hearing of the US Senate Appropriations Committee when it was cited by Dr Francis S Collins, Director of the National Institutes for Health.

Prof M. Mazzucato at a US Senate Forum