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The Common Good Economy

A New Compass

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The Common Good Economy

By: Mariana Mazzucato
Narrated by: Mariana Mazzucato
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The world-leading economist envisions a 'common good compass' to help navigate our economies in a radically different direction - one that works for everyone

Our economic system is broken. The climate crisis is accelerating. Inequality is deepening. Public trust is crumbling. Wealth concentrates in fewer hands while governments scramble to fix what markets can't do, rather than to shape them from the outset.
For too long, economics has treated 'the good' – whether public goods or the commons – as merely correcting market or government failures. This economic framing traps us in an endless cycle of being reactive, patching problems rather than proactively building the economy we need.
In The Common Good Economy, Mariana Mazzucato builds on her visionary ideas of the entrepreneurial state and mission-oriented policies to establish a new theory of the common good, one which allows governments and businesses to develop purposeful economic relationships, creating value and building spaces where human flourishing can happen. She argues that how we achieve collective goals – through collective action, participation and reciprocity – matters as much as what those goals are. The book provides a practical 'common good compass' to help navigate our economies in a radically different direction.
Full of compelling real-world examples, from governing water to transforming procurement and finance, this is a rigorous reimagining of economics and a manifesto for a future economy that serves people and the planet. It could not be more timely.

© Mariana Mazzucato 2026 (P) Penguin Audio 2026

Economics Environmental Economics Macroeconomics Politics & Government Theory Management Government
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Critic reviews

A must read (Thomas Piketty, author of A Brief History of Equality)
In a world increasingly characterized by pessimism and fear, this book provides a much-needed positive perspective on how economies can be shaped towards the common good. This is not a Utopian ideal: it is possible with the collective efforts of workers and civil society to re-orient economic governance in very specific ways. Once again, Mazzucato provides a vision and a road map to push us from passivity to action (Jayati Ghosh, Professor of Economics, University of Massachusetts Amherst)
An ambitious book ... Mazzucato urges us to reject altogether the idea of patching up “market failures”, or treating social and economic problems as nasty but inevitable side-effects of economic growth, to be tackled with the odd taxpayer-funded side project (Heather Stewart)
All stars
Most relevant
The Common Good Economy by Mariana Mazzucata 2026


I agree with the sentiment of this book - we should all do as much as we can for the common good of everyone.


The author cherry picks examples of projects around the world which have succeeded, and offered a significant return on investment for society, community and stakeholders.


Some of these examples might work well in my neighbourhood - or yours. That's part of the benefit of a book like this - sharing of good practice (especially for the common good) is a great thing, and to be encouraged.


I found the book to be authored in an academic fashion. If you are an academic, or if you wish to cite the book in funding applications, project proposals or political pitches this peer reviewed academic approach provides robustness.


However, if you just want to read a book (and are not particularly looking for academic content) it can make the topics heavy.


That is not a criticism - it's my opinion - this style has its pros and cons.


If this style is for you, you might give the book 5 / 5 stars as its undoubtedly factually accurate and informative.
If you are looking for an easy to digest book, full of humour perhaps look elsewhere

academic reference

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Loved this book. It builds on her previous work to create a comprehensive and compelling framework for humanity to organise itself. My only question is how to get there - I just felt there was such a gulf between this and the way we are currently organised, it made me feel a bit helpless.

A fascinating book tackling humanity’s greatest challenges

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A practical way to explore a more just way of diminishing social inequality and moving towards what is just for humanity overall

Commitment to the common good

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A lukewarm tour of a (very) few half hearted case studies, often barely relevant “evidence”, disconnected recitation of usual suspects, endless virtue signalling and out of thin air assertions makes this a disappointing new volume from MM, who is usually well worth reading.

Despite her paid for year of writing in Lake Bellagio and seemingly endless globetrotting (whilst bemoaning climate change at every opportunity) this is thin thin stuff with little evidence of deep thought or broad perspective. A few greatest hits recycled from her (much better) previous books isn’t enough to rescue things in any significant way.

A massive miss when a competent version of this book would have been incredibly welcome and timely. More hard evidence, less over reliance on small scale and often inconclusive case studies and some new ideas might make the next book better than this disappointing stuff. Let’s hope her next book is a return to form.

Disappointingly miss from Mazzucato - read one of her other books not this

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