Mariana Mazzucato Quotes
While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.
Mazzucato, Mariana. "I'm Mariana Mazzucato, I study the economics of innovation, and why we need to rethink capitalism. AMA!" Reddit, 7 Feb. 2017.
Although Madison vetoed the Federal bill to improve the national infrastructure, he was very much for the improvements and he said so in this veto message. He, however, did not see the Constitutional authority for the Federal government to appropriate moneys to be spent in the States for infrastructure improvement. He was for a Constitutional Amendment to do so or to make the improvements using State money as New York did building the Erie Canal. Alexander Hamilton, and many of the Congressmen who voted for the bill disagreed (many of whom were also in the Constitutional Convention) and did not see the Constitutional limitation that Madison did. See Hamilton’s Quote 644278. He was particularly concerned that small and less affluent states could not possibly have the skill to design these or the finances to build them. Later President’s and Congresses sided with Hamilton. It would be hard to envision America today of Madison’s view had prevailed.
Mariana Mazzucato is an economist with dual Italian–US citizenship. She is a professor at University College London in Economics of Innovation and Public Value and she is the founder and director of their Institute for Innovation and Public Purpose (IIPP). Her research focuses on the relationships between technological, economic and social changes. She is a member of the Scottish Government's Council of Economic Advisers and South Africa's Economic Advisory Council. In 2019, she joined the UN Committee for Development Policy.
