New Economic Perspectives has the article I Have Seen the Next Big Thing, and it is Mariana Mazzucato by Dan Kervick.  The article describes the main points of a lecture that Mariana Mazzucato gave at the London School of Economics.  If you don’t have time to watch the video, then read this article. The end of his article summarizes by saying:

In these doleful and pessimistic times in the United States, where fear and loathing of  government is endemic across so much of the political spectrum, and where various anti-state ideas favoring localism, privatization, voluntarism, self-reliance, deregulation and desupervision remain so popular on the right and the left, it might seem impossible for Mazzucato’s call for an economically activist, mission-oriented government to get a foothold. But I am convinced the ideas Mazzucato is advancing are indeed the Next Big Thing. Americans will ultimately reject failure and stagnation, as they always have in the past; and as awareness grows that our current failures are due to insufficient ambition for mission-oriented state investment, and unequal distribution of the fruits of that investment, the tide will turn back toward public enterprise and ambitious government.

I know few people will have the  time to invest 90 minutes to view the video, but for those who can make the investment, the rewards will be great.

One of the interesting links in the comments to the above article is to The Institute For New Economic Thinking interview Mazzucato and Wray: Making Finance Work for Innovation.