"Award-winning author and leading economist Mariana Mazzucato critically examines the current system of capitalism and argues for mission-oriented policies, emphasizing why we need to take big risks to achieve even bigger rewards for our health, society, and environment."

The advanced world is facing a crucial moment of transition. We argue that a successful outcome requires bringing innovation to the centre of government thinking and action and that, in order to do this, we must apply our knowledge of how innovation occurs and how to repair what has gone wrong....

Today, countries around the world are seeking "smart" innovation-led growth, and hoping that this growth is also more "inclusive" and "sustainable" than in the past. This paper argues that such a feat requires rethinking the role of government and public policy in the economy - not only funding...