RETHINKING CAPITALISM: Mariana Mazzucato and Michael Jacobs in conversation with Will Hutton
This is the launch event for Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth, edited by Michael Jacobs and Mariana Mazzucato and published by Wiley in association with The Political Quarterly. It is hosted by the Centre for the Study of British Politics at Birkbeck. The event will be chaired by Deborah Mabbett.
The book brings together leading economists to challenge orthodox ideas about economic theory and policy, and to propose new approaches to achieving a more inclusive and sustainable economy. The contributors analyse the realities of contemporary capitalism and the failure of current economic policies to encourage innovation, investment and long-term growth, to tackle climate change, or to achieve an equitable distribution of income and wealth. It's a powerful examination of both modern economies and economic theory. The authors include Joseph Stiglitz, Andrew Haldane, Carlota Perez, Mariana Mazzucato, William Lazonick, Colin Crouch and Stephany Griffith-Jones.
Michael Jacobs is an academic, writer and commentator on international climate change and energy policy, British politics and social democratic and green political thought. A Visiting Professor at the London School of Economics and at University College London, and Visiting Fellow at the Institute for Public Policy Research, he was for six years Special Adviser to former British Prime Minister Gordon Brown, and before that head of the think tank and political association the Fabian Society.
Mariana Mazzucato is RM Phillips Professor in the Economics of Innovation at the Science Policy Research Unit (SPRU) at the University of Sussex, UK. Her work is focused on the economics of innovation; finance and economic growth; and the role of the State in modern capitalism. She advises policy makers around the world on how to achieve economic growth that is both 'smart' - innovation led - and also more inclusive.
Will Hutton is a British political economist, writer, weekly newspaper columnist and former editor-in-chief for The Observer. He is currently Principal of Hertford College, Oxford, and Chair of the Big Innovation Centre, an initiative from the Work Foundation, having been its chief executive from 2000 to 2008. He is also a member of The Political Quarterly’s editorial board, is widely known for his advocacy of centre-left policies, criticisms of the neoliberal economic consensus, and his long association with key members and policies of the Labour Party.
Andrew Gamble is Emeritus Professor of Politics at the University of Cambridge. Before that he was Professor of Politics at the University of Sheffield, where he was a founder member and subsequently the Director of the Political Economy Research Centre, and a Pro ViceChancellor. He is a Fellow of the British Academy and the Academy of Social Sciences, and a former editor of The Political Quarterly.
Deborah Mabbett is joint editor of Political Quarterly and Professor of Public Policy at Birkbeck. She has a D.Phil in Economics from Oxford and has worked on a variety of topics in political economy, including social security, insurance, central banking and minimum wages.