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Mariana Mazzucato Collection 3 Books Set brings together three works that examine how modern capitalism defines value, approaches innovation and responds to large-scale challenges. Across the set, Mazzucato questions established assumptions about the roles of the public and private sectors, and considers how economic thinking shapes society.
The collection includes Mission Economy, which argues that capitalism was already struggling before the Covid-19 pandemic and calls for bold, experimental programmes inspired by ‘moonshot’ initiatives. The Value of Everything explores how value-extraction can be rewarded over value-creation, and how the meaning of value has faded from mainstream debate. The Entrepreneurial State challenges the idea that innovation should be left to private entrepreneurs, asking whether the public sector has in fact been the most significant risk-taker.
Capitalism, the book argues, was already stuck before the Covid-19 pandemic, with limited answers to issues such as disease, inequality, the digital divide and the environmental crisis. Drawing inspiration from ‘moonshot’ programmes that co-ordinated public and private sectors at scale, it calls for comparable boldness and experimentation to tackle today’s biggest problems.
This book argues that modern capitalism often rewards value-extraction more than value-creation, shifting attention away from the productive processes that support a healthy economy and society. It points to shareholder-value priorities and medicine pricing as examples, and contends that the meaning of value is no longer properly discussed despite its former centrality in economic thought.
Challenging conventional wisdom, the book questions the belief that innovation is best left to private-sector entrepreneurs while government steps aside. It asks whether, from Silicon Valley to medical breakthroughs, the public sector has been the boldest and most valuable risk-taker.
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