Governing the economics of the common good: from correcting market failures to shaping collective goals
Citation:
Mazzucato, M. (2023). Governing the economics of the common good: from correcting market failures to shaping collective goals. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-08). London: UCL Institute for Innovation and Public Purpose. Retrieved June 30, 2024 from https://www.ucl.ac.uk/bartlett/public-purpose/wp2023-08
Work data:
ISSN: 2635-0122
Type of work: Working Paper
Categories:
e-Business & e-Commerce | Economics | ICT Infrastructure | Information SocietyAbstract:
To meet today’s grand challenges, economics requires an understanding of how common objectives may be collaboratively set and met. Tied to the assumption that the state can, at best, fix market failures and is always at risk of ‘capture’, economic theory has been unable to offer such a framework. To move beyond such limiting assumptions, the paper provides a renewed conception of the common good, going beyond the classic public good and commons approach, as a way of steering and shaping (rather than just fixing) the economy towards collective goals.
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Full document:
Mazzucato, M. (2023). Governing the economics of the common good: from correcting market failures to shaping collective goals. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-08). London: UCL Institute for Innovation and Public Purpose.
Mazzucato, M. (2023). Governing the economics of the common good: from correcting market failures to shaping collective goals. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2023-08). London: UCL Institute for Innovation and Public Purpose.
