Mariana Mazzucato wins inaugural ‘Not the Nobel’ Prize for fresh thinking in economics












For immediate release

Friday 4th October 2019

Mariana Mazzucato wins inaugural ‘Not the Nobel’ Prize for fresh thinking in economics

Ahead of the 50th anniversary of the Nobel Memorial Prize in Economics, Mariana Mazzucato was crowned the winner of the new Not the Nobel Prize by public vote in London last night.

Mazzucato, Professor in the Economics of Innovation and Public Value at University College London, was recognised ‘for reimagining the role of the state and value in economics’.

The award ceremony was hosted by comedian Mark Dolan in central London and attended by fellow finalists Steve Keen, Kate Raworth and Tom Rippin.

Economists Jessica Gordon-Nembhard, Laura Carvalho, and Randall Wray were also up for the innovative award celebrating the thinkers and doers who are finding economic solutions to the challenges of the 21st century.

Receiving the award for Mazzucato, Henry Li shared her remarks paying tribute to her fellow finalists: “Dark times need enlightened thinking. I’m honoured to receive the prize alongside some luminary economists asking critical questions. To name a few, Steve [Keen] encourages us to ask about the structure of our financial system, Kate [Raworth] encourages us to get real about both the analysis and implementation of a circular economy, Laura [Carvalho] helps us to rethink macro-economics questioning the assumptions behind austerity.”

Mariana Mazzucato is the Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP) and author of ‘The Entrepreneurial State’ and ‘The Value of Everything’. Her research has revealed that every piece of technology that makes the iPhone ‘smart’ was government funded: the Internet, GPS, its touch-screen display and the voice-activated Siri. She argues that the public sector’s role can and should extend well beyond fixing market failures to co-creating markets, especially in responding to climate change and the Green New Deal.


Henry Leveson-Gower, creator of #NotTheNobel Prize and CEO Promoting Economic Pluralism said: “Over the past half-century, the Nobel Memorial Prize in Economics has celebrated ideas at the heart of an economic system heading for collapse. We urgently need fresh economic thinking to meet the challenges of ecological breakdown, financial crises, and soaring inequality”.



For more information contact: Henry Leveson-Gower, (0)7784 436 934

  1. High resolution pictures of Mariana Mazzucato, and more information can be found, at her website here:
  2. Find out more about the finalists of the Not the Nobel prize 2019 here:
  3. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – often called the Nobel Prize in Economics – will be announced on Monday 14th October. It was first awarded in 1969.
  4. Not the Nobel Prize is a project by Promoting Economic Pluralism (PEP) working withtheCircular Economy ClubDiversifying and Decolonising EconomicsDollars and SenseEconomy for the Common GoodPositive MoneyRethinking Economics, the Wellbeing Economy Alliance and WEAll Scotland.

4 responses to “Mariana Mazzucato wins inaugural ‘Not the Nobel’ Prize for fresh thinking in economics

  1. Excellent choice. I reviewed Mariana’s ” The Entrpreneurial State ” and her “The Value of Everything “(2019) ( see our Books & Reviews page at

    My critiques of economics date back to my Creating Alternative Futures:The End of Economics” (1978) with Foreword by E.F. Schumacher, and Politics of the Solar Age” (1981) with Foreword by physicist Fritjof Capra, now in 800 libraries in 20 languages . I am not an economist , but a formercabinet-level science policy advisor to US govt, agencies : NSF, NAE and OTA.. I am a systems analyst and global futurist.

  2. An especially deserved accolade. Mariana’s work highlighting the previously deficient concept of what constitutes “value” in an economy is groundbreaking. The concept creates the base from which we are working to develop new and more relevant measures of individual, societal and planetary wellbeing.

    Her ideas have informed some of my work which seeks to develop an objective understanding and measurement of wellbeing that has such a subjective component. The impact of her work extends well beyond the brilliant ideas she has gifted to the world

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