Mazzucato, Mariana;
(2023)
Governing the economics of the common good: from correcting market failures to shaping collective goals.
Journal of Economic Policy Reform
10.1080/17487870.2023.2280969.
(In press).
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Abstract
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 article 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.
| Type: | Article |
|---|---|
| Title: | Governing the economics of the common good: from correcting market failures to shaping collective goals |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/17487870.2023.2280969 |
| Publisher version: | http://dx.doi.org/10.1080/17487870.2023.2280969 |
| Language: | English |
| Additional information: | Copyright © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/ licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent. |
| Keywords: | Public policy; political philosophy; common good; public good; market shaping |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10184213 |
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