Biography

In November 2011 I joined the University of Sussex as RM Phillips Professor in Science and Technology Policy, after 10 years at the Open University where I was most recently Professor in the Economics of Innovation.  

I received my BA in History and International Relations at Tufts University and my PhD in Economics from the Graduate Faculty of the New School for Social Research in New York (USA).  After my PhD I joined the University of Denver as Assistant Professor of Economics, and then undertook a Marie Curie Post-Doctoral fellowship at the London Business School. From 2006-2008 I was Visiting Professor at the Bocconi University in Italy.

I am currently the Coordinator of a 3 year European Commission FP7 project on Finance, Innovation and Growth (FINNOV, www.finnov-fp7.eu), Economics Director of the ESRC Centre for Social and Economic Research on Innovation in Genomics (INNOGEN www.genomicsnetwork.ac.uk/innogen), and a Research Associate at the UK think tank DEMOS. 

Role

My projects, publications, blogs, videos and more can be found on: www.marianamazzucato.com

Information is also available on my EC FP7 FINNOV project website www.finnov-fp7.eu

And you can now follow me on Twitter: @MazzucatoM

I am interested in different areas including the economics of growth (at the level of the organisation, sector and country), and how this interacts with processes of organizational and technological change.

I am also interested in the connection between financial markets and the real economy, and how, for example, stock price volatility is related to the periods of radical technological change. My work on financial markets has been mainly housed within my EC FP7 project on Finance Innovation and Growth. www.finnov-fp7.eu (2009-2012).

When I study sectors, I take an 'industry life-cycle' perspective, which allows me to understand the co-evolution of different variables over time. For example, I have looked at the relationship between entry/exit, technological change, and company performance measures over time in the personal computer, automobile and pharmaceutical industry. In this work I have found that periods of radical technological change tend to be characterised by high degrees of market share instability as well as stock price volatility.

I am also very interested in the history of economic thought, and key insights from different perspectives including 'classical economics' (Smith, Richardo, Marx) and Evolutionary economics. My work tends to be housed within the latter due to my focus on the co-evolution of those mechanisms that create differences between firms (which are often persistent), and the competitive selection mechanisms that winnow in on those differences, allowing only some companies to survive and grow.

My most recent project concerns the role of the state in fostering innovation, entrepreneurship and growth. http://www.demos.co.uk/projects/entrepreneurialstate  I will be developing this project further with a new Ford Foundation grant which begins in February 2012.

I interact on a regular basis with policy makers from the European Commission, and the UK government. And I am also interested in disseminating my work through the media. http://www.marianamazzucato.com/media/

Mazzucato, Mariana and Tancioni, Massimiliano (2012) R&D, patents and stock price volatility. Journal of Evolutionary Economics, 22 (4). pp. 811-832. ISSN 0936-9937

Demirel, Pelin and Mazzucato, Mariana (2012) Innovation and firm growth: is R&D worth it? Industry and Innovation, 19 (1). pp. 45-62. ISSN 1366-2716

Mazzucato, Mariana and Tancioni, Massimillano (2011) R&D, Patents and stock return volatility. FINNOV.

Mazzucato, Mariana (2011) The entrepreneurial state. Demos, London . ISBN 9781906693732

Mazzucato, Mariana (2010) Bubbles and investment behaviour. In: Personal investment: financial planning in an uncertain world. Palgrave MacMillan, Basingstoke, pp. 263-310. ISBN 9780230246607

Demirel, Pelin and Mazzucato, Mariana (2010) Does market selection reward innovators? FINNOV.

Mazzucato, Mariana, Lowe, Jonquil, Shipman, Alan and Trigg, Andrew (2010) Personal Investment: Financial Planning in an Uncertain World. Palgrave Macmillan. ISBN 9780230246607

Demirel, Pelin and Mazzucato, Mariana (2010) The evolution of firm growth dynamics in the US Pharmaceutical Industry. Regional Studies, 44 (8). pp. 1053-1066. ISSN 0034-3404

Mazzucato, Mariana and Demirel, Pelin (2010) The evolution of firm growth dynanics in the US pharmaceutical industry: is 'structure' in the growth process related to size and location dynamics? FINNOV.

Mazzucato, Mariana and Demirel, Pelin (2009) Survey of the literature on innovation and economic performance. FINNOV.

Mazzucato, Mariana and Tancioni, Massimiliano (2008) Innovation and idiosyncratic risk: an industry- and firm-level analysis. Industrial and Corporate Change, 17 (4). pp. 779-811. ISSN 0960-6491

Mazzucato, Mariana and Tancioni, Massimillano (2008) Stock Price Volatility and Patent Citation Dynanics: the case of the pharmaceutical industry. Innogen.