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Mission Economy

A Moonshot Guide to Changing Capitalism

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About this listen

Brought to you by Penguin.

Even before the Covid-19 pandemic in 2020, capitalism was stuck. It had no answers to a host of problems, including disease, inequality, the digital divide and, perhaps most blatantly, the environmental crisis. Taking her inspiration from the 'moonshot' programmes which successfully co-ordinated public and private sectors on a massive scale, Mariana Mazzucato calls for the same level of boldness and experimentation to be applied to the biggest problems of our time. We must, she argues, rethink the capacities and role of government within the economy and society, and above all recover a sense of public purpose. Mission Economy, whose ideas are already being adopted around the world, offers a way out of our impasse to a more optimistic future.

'One of the most influential economists in the world' Wired

© Mariana Mazzucato 2021 (P) Penguin Audio 2021

Economics Political Science Politics & Government Theory Capitalism Socialism Government

Critic reviews

The case for a new approach is overwhelming and Mariana Mazzucato's project is ambitious ... Mission Economy injects the kind of vision, ambition and imagination so desperately missing from government today ... All those in favour of a better future - of prosperity that is broadly shared, first class public services to be enjoyed by all, and a solution to the climate crisis - should read this book. (Tom Kibasi)
One of the most agile thinkers on post-Brexit, post-Covid Britain. (Alex Brummer)
a wider and more radical critique of modern capitalism ... Mazzucato is a fantastic example of a charismatic policy entrepreneur having a real impact ... Mazzucato rightly shows that the state can rise to grand challenges and set ambitious missions. (David Willetts)
a bracing, optimistic read (David Miliband)
A timely and optimistic vision ... Mazzucato presents her arguments so simply and clearly that they can seem obvious. In fact, they are revolutionary. Rethinking the role of government nationally and in the international economy - to put public purpose first and solve the problems that matter to people - are now the central questions for humanity (Jayati Ghosh)
In Mission Economy Mariana Mazzucato argues that societies ought to abjure tired ideologies and embrace the policy approach that put astronauts on the Moon. By setting grand missions for themselves, she writes, and deploying the power of the state in practical ways, they can become more prosperous and equitable ... Mazzucato is an Italian-born economist of a heterodox bent, whose work has long challenged standard economic thinking about the role of markets and government in generating innovation ... compelling ... arresting
Mazzucato's new book criticises the narrowness of the philosophy that says the only role for government is to correct "market failures," stepping in when the private sector cannot deliver adequately by itself ... Mission Economy argues for a more agile, flexible public sector, free to adapt to changing circumstances and new challenges. Mazzucato advocates institutional innovation and citizen engagement in the setting of missions and challenges. (Diane Coyle)
Mazzucato's solution is to redesign capitalism in the interests of stakeholders rather than shareholders, and to reshape the relationship between government and the state as a "mission economy". Civil servants should be active, not passive ... Britain and America, she believes, need to abandon the neoliberal belief in minimalist government that merely regulates the market and lets the private sector drive innovation. (Emma Duncan)
In her new book, Mission Economy: A Moonshot Guide to Changing Capitalism, she argues that the state must lead the way ... Mazzucato is particularly good on the dubious benefits of outsourcing government functions to management consultants and other carpetbaggers. (Peter Franklin)
All stars
Most relevant
Doesn’t fit audiobook format at times (reading out a lot of abbreviations, tables or bullet pointlists

Interesting central concept - limited depth of explanation or application

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I’ve struggled with this audiobook. It has too many lists, and should probably be 50% shorter. It’s a shame that the author didn’t narrate this as she has a great voice and the narrator doesn’t sound like she believes it. The list sections are simply painful to listen to. I had to give up with an hour to go.

Interesting but not suited to an audiobook

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Interesting concept but fundamentally the book has lots of lists which become monotonous and are not well suited for be read aloud as an audiobook. Would not recommend

Not well suited to an audiobook

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interesting and passionately told, but struggled to buy into the obvious bias in the pitch. Worth listening to to form your own opinion.

Interesting but flawed

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got to get settled down to listen and concentrate, and the sections maybe could have been more cut up into smaller chapters according to headings, but interesting, especially if also interested in the NASA aspect as well as the economics/systems/institutes

enjoyed

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