The Big Con: How the Consulting Industry Undermines the State
It has become common practice for consultants to be hired by ministries. Not a good idea, writes Mariana Mazzucato in her and Rosie Collington’s book ‘The Big Con‘. Firms like McKinsey and others often create no real added value for the public. Instead, they cost the state billions, which prevents the authorities from building up their own innovative capacities. Major crises like climate change remain unsolved.
We have invited Mariana Mazzucato to discuss her criticism and possible alternatives in our next New Economy Short Cut together with Die Zeit-Journalistin Petra Pinzler.
is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She is the author of several highly-acclaimed books and advises policymakers around the world on innovation-led inclusive and sustainable growth.