Search results
This week, we speak to Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, about creating ’mission-oriented economies’ that place human rights and the common good at their centre.
Rather than simply fixing market failures, Professor Mazzucato argues that governments must shape markets around bold societal missions – from achieving net zero to ensuring health for all. This requires fundamental changes: moving from being ‘lenders of last resort’ to ‘investors of first resort’, setting conditions on public funding to ensure risks and rewards are shared, and building state capacity for long-term public value creation.
She makes the case for mission-oriented development banks that don't just de-risk private investment, but actively direct patient capital towards transformational change. From redesigning procurement policies to embedding conditionalities in public-private partnerships, this approach demands a new social contract between business, government and communities - one that prioritises public value over shareholder value and ensures that collectiveintelligence leads to collectively shared rewards. Human rights are a key framework to guide these transformations.
If you’d like to learn more about the Human Rights Economy, the work of OHCHR, or the guest, check this link.
