Mariana Mazzucato Quotes

#1. Although there is much talk about small firms creating jobs, and increasingly a focus of policymakers, this is mainly a myth.

Mariana Mazzucato

#2. Government support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage financing for the companies themselves. This means there are great risks.

Mariana Mazzucato

#3. The actual division of labor must be reflected in the division of the rewards (and prices, which is the way the consumer gets rewarded).

Mariana Mazzucato

#4. Most venture capital funds are too short-termist and exit-driven to deal with the highly uncertain and lengthy innovation process.

Mariana Mazzucato

#5. The globalized nature of production and innovation means that the benefits don't necessarily stay in the country where the investments are made.

Mariana Mazzucato

#6. Once we admit that the public sector takes an immense amount of risk along the entire innovation chain, it becomes crucial to find ways to share both risks and rewards.

Mariana Mazzucato