UCL economist, Professor Mariana Mazzucato, has been formally awarded the Leontief Prize for Advancing the Frontiers of Economic Thought, at a ceremony in Medford, Massachusetts, USA.
The prize, which is given each year to two leading theorists, recognises outstanding contributions to economic theory that address contemporary realities and support just and sustainable societies.
Professor Mazzucato, Director of the UCL Institute for Innovation and Public Purpose, received the award for her path-breaking thinking on the positive role of governments and public sector investment in fostering innovation.
Dr. Branko Milanovic, Visiting Presidential Professor at the Graduate Center City University of New York, was a joint recipient for his vital contributions to measuring and responding to global income and inequality.