Photo by Tierra Mallorca on Unsplash

By Laurie Macfarlane

This blog is a follow up to the recent event ‘The global housing crisis and the home ownership myth’. The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

According to the IMF, the Covid-19 pandemic triggered the deepest global recession since the Great Depression of the 1930s. Millions of people have lost their jobs or been furloughed, while thousands businesses have been pushed to the edge of bankruptcy.

But not all parts of the economy have been suffering. While UK GDP shrank by 10% in…


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By Keno Haverkamp

This week marks the two-year anniversary of the UCL Institute for Innovation and Public Purpose’s (IIPP) Theory Reading Group. Since June 2019, the Group has met monthly to read academic papers or book chapters that are relevant for the theoretical foundations underpinning the Institute’s work. During a year of remote working and social distancing, the Group has also provided a valuable platform for socialising. The anniversary provides a good opportunity to review some of the papers and concepts we have discussed together over the past 12 months.

At the centre of IIPP’s work lie questions on the…


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By Carlota Perez and Andres Schafer

This is the fourth instalment in the authors’ ‘After the pandemic’ series. The first, second and third essays in the series can be read here, here and here.

The blow inflicted by the Covid-19 pandemic has raised awareness about what lies ahead for humanity: climate change, environmental damage, global epidemics and mass migrations are an existential challenge to us all. But history has consistently proven that troubling times of dwindling hope can be followed by new Golden Ages. That’s the social dynamic of technological revolutions under capitalism and how they unfold.

The last time…


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By Laurie Macfarlane

This blog is a follow up to the recent event ‘Philanthropy and the State: who is funding what and why?’ The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

T o some, Bill Gates is a model of how capitalism is supposed to work. As a leading tech innovator, he enriched himself while improving the lives of others, and then used this vast wealth to support good causes.

That Bill Gates has donated an enormous amount to philanthropic causes is undeniable. Since 2000 the Bill…


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By Laurie Macfarlane

This blog is a follow up to the recent event ‘Are we paying twice for health innovation?’ The event is part of IIPP’s ‘Who owns what and why’ series. The recording of the event can be watched here.

The Covid-19 pandemic has cost more than three million lives and left many more incapacitated. But with multiple vaccines now being rolled out across the world, many hope the end of the pandemic is within sight.

However, the development of Covid vaccines has also shone a spotlight on some of the key dilemmas at the heart of health innovation…


Photo by Michele Bitetto on Unsplash

By Simone Gasperin

O n 16 May 1991, the leading Italian newspaper Corriere della Sera displayed a triumphant headline proclaiming: “Italy, fourth power”. Thirty years later, it might be easy to forget that at this time Italy was among the world’s largest industrial powers, ahead of the United Kingdom when measured by GDP per capita on purchasing-parity terms.


Photo by Mangopear creative on Unsplash

By Ryan Bellinson and Robyn Smith

This blog is part of IIPP’s series on mission-oriented innovation at a local level. The first blog in the series can be read here.

Think revolution, think Manchester. The Greater Manchester city-region became the world’s first industrial metropolis during the Industrial Revolution; gave rise to the UK’s modern labour union and co-operative movements; and was the epicentre of the British suffragettes.

Today Greater Manchester is aiming to continue its pioneering legacy by becoming one of the world’s leading green city-regions. The Greater Manchester Combined Authority (GMCA) is using a mission-oriented approach to reach carbon…


Photo by William McCue on Unsplash

By Daniel Wainwright and Martha McPherson

This blog is part of IIPP’s series on mission-oriented innovation at a local level.

Cities are on the frontline of the climate emergency. They are currently responsible for 70% of global emissions, and this will only rise in future. Globally, the urban population is forecast to increase from 55% to 68% between 2018 and 2050. Without deep changes in the way we eat, move, build and work, city dwellers will suffer — from increasing pollution and heat island effects, to increasingly unstable food chains and greater vulnerability to natural disasters.

So it’s no surprise…


Photo by Lubo Minar on Unsplash

By David Frayman and Martha McPherson

Ferrari. Lamborghini. Maserati. Think of Italy’s Emilia-Romagna region and you soon think of the combustion engine. These brands are the global face of a dense network of manufacturing firms operating across diverse sectors, often known as the ‘Third Italy’ model.

But the economic successes of the 20th century have left a mixed legacy. Emilia-Romagna’s place as a hub for logistics and production has resulted in unhealthy levels of air pollution, and it has suffered heavily from Italy’s economic stagnation in the 21st century. …


Photo by Nick Kane on Unsplash

By Josh Ryan-Collins

This week’s budget appeared at first to be seismic shift away from conservative economic orthodoxy by the government. Alongside a further major expansion in borrowing to support jobs and incomes over the next six months, the chancellor adopted the previous left-wing Labour party’s policy of a major rise in corporation tax (from 19% to 25% of profits) to close a record peacetime budget deficit.

But as the dust has settled and the numbers interrogated, the budget looks rather less radical.

Firstly, it cannot be described as a rejection of austerity. The budget contained no explicit additional resources…

UCL Institute for Innovation and Public Purpose

Changing how public value is imagined, practiced and evaluated to tackle societal challenges | Director: Mariana Mazzucato | Deputy Director: Rainer Kattel

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