Una respuesta colectiva a nuestros desafíos globales: un enfoque de bien común y de “configuración del mercado”

Mariana Mazzucato
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Mariana Mazzucato: University College London

El Trimestre Económico, 2024, vol. 91 (1), issue 361, 161-208

Abstract: To effectively address the grand challenges of our time, we cannot simply tinker around the edges by fixing market failures. We must actively shape markets to deliver on the objective of generating more sustainable and inclusive growth. This paper argues that an objective-oriented economy requires a market-shaping approach; one that accompanies the concept of the public good with the common good framing that is needed to design the interface for this collaboration. This is about structuring the conditions and governance mechanisms that shape the capabilities, tools, institutions, and partnerships needed to take concrete action. Building collective intelligence into these dimensions ex-ante is essential for maximising public value for all actors involved. This paper sets out how a market-shaping and common good framing can be conceptualised and brought together. Importantly, missions can be used to orient and coordinate policies, institutions, innovation, and investments around clear, ambitious, and measurable goals. Further, this paper addresses the implications for key global challenges, from climate change to pandemics.

Keywords: Public goods; common good; market fixing; market shaping; governance; water missions. (search for similar items in EconPapers)
JEL-codes: D47 H12 H41 H42 H44 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:elt:journl:v:91:y:2024:i:361:p:161-208

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DOI: 10.20430/ete.v91i361.2225

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