Mission Economy by Mariana Mazzucato is a thought-provoking book that challenges the traditional notion of economics and proposes a new model that focuses on mission-oriented policies. The book argues that the traditional model of economics, which focuses solely on profit and competition, is outdated and does not account for the social and environmental impact of businesses. Mazzucato argues that a mission-oriented economy, which focuses on social and environmental goals, is the way forward. In this book, Mazzucato provides a detailed analysis of how this model can be implemented and how it can lead to a more sustainable and equitable society.
Chapter Summaries
Chapter 1: The Rise of the Mission-Oriented Economy
In the first chapter of Mission Economy, Mazzucato introduces the concept of the mission-oriented economy and how it differs from the traditional model of economics. She argues that the traditional model is outdated and does not account for the social and environmental impact of businesses. Mazzucato provides examples of mission-oriented policies that have been successful in the past, such as the Apollo moon landing and the development of the internet. She argues that these policies were successful because they had a clear mission and were focused on achieving a specific goal.
Chapter 2: The Entrepreneurial State
In the second chapter of Mission Economy, Mazzucato examines the role of government in the mission-oriented economy. She argues that government has an important role to play in fostering innovation and entrepreneurship. Mazzucato provides examples of government-funded projects that have led to major breakthroughs, such as the development of the internet and GPS. She argues that these projects were successful because they had a clear mission and were focused on achieving a specific goal.
Chapter 3: The Value of the Commons
In the third chapter of Mission Economy, Mazzucato examines the role of the commons in the mission-oriented economy. She argues that the commons, which includes public goods such as clean air and water, are essential to the success of the mission-oriented economy. Mazzucato argues that businesses should be required to pay for the use of the commons, and that the proceeds should be used to fund mission-oriented policies.
Chapter 4: The Social and Ecological Foundations of Prosperity
In the fourth chapter of Mission Economy, Mazzucato examines the social and ecological foundations of prosperity. She argues that traditional measures of economic prosperity, such as GDP, do not account for the social and environmental impact of businesses. Mazzucato argues that a more holistic approach is needed, one that takes into account the social and environmental impact of businesses.
Chapter 5: Conclusion: A Mission-Oriented Future
In the conclusion of Mission Economy, Mazzucato summarizes her argument for a mission-oriented economy. She argues that the traditional model of economics is outdated and does not account for the social and environmental impact of businesses. Mazzucato argues that a mission-oriented economy, which focuses on social and environmental goals, is the way forward. She provides examples of mission-oriented policies that have been successful in the past and argues that these policies should be implemented on a larger scale to create a more sustainable and equitable society.
Conclusion
Mission Economy by Mariana Mazzucato is a thought-provoking book that challenges the traditional notion of economics and proposes a new model that focuses on mission-oriented policies. The book argues that the traditional model of economics is outdated and does not account for the social and environmental impact of businesses. Mazzucato argues that a mission-oriented economy, which focuses on social and environmental goals, is the way forward. The book provides a detailed analysis of how this model can be implemented and how it can lead to a more sustainable and equitable society. Overall, Mission Economy is a must-read for anyone interested in economics, sustainability, and social justice.
Interested in reading the whole book?
Buy the book “Mission Economy” on Amazon
