Content overview: “Mariana Mazzucato: Why Governments Must Shape Markets, Not Just Fix Them”. Renowned economist and government adviser Mariana Mazzucato challenges conventional economic thinking in her new book, 'The Common Good Economy.' She argues that governments should stop merely fixing market failures and instead actively shape how markets are governed. Mazzucato contends that leaving business to its own devices has contributed to systemic problems, from inequality to climate change. Her call for a more collaborative relationship between public and private sectors is gaining traction among policymakers worldwide.
By co-creating value and steering innovation toward societal goals, she believes economies can become more inclusive and sustainable. The book builds on her earlier work, which influenced major industrial strategies in the UK and EU. As governments seek post-pandemic recovery models, Mazzucato’s ideas offer a blueprint for rethinking the role of the state. This listing links straight to the original page, where the content is available in full.