Mariana Mazzucato is one of the most important modern economists. The last 40 years of economic thought have given more and more weight to the innovative power unleashed in free markets. We’ve now seen the limits of this magic and how important it is to not just have guardrails but programs of innovation directly sponsored and managed by the state. Mariana’s book The Entrepreneurial State does a lot of the work of debunking these free-market myths.
This more recent work expands on these ideas to provide a broader framework to understand where value comes from and how we should organize society to reward it, encourage it and benefit from it.