Mariana Mazzucato to give Robert Oakeshott Lecture in EOA40 year

Professor Mariana Mazzucato PHD will give the Employee Ownership Association’s (EOA) 2019 Robert Oakeshott Lecture – a key event in the 40th year of the EOA.

Mariana, a celebrated economist – named “one of the three most important thinkers on innovation” by the New Republic – advises policy makers around the world and is known for her strong challenge to rethink capitalism, through her books and articles, advisory roles and speaking engagements.

The theme of the lecture, which is being held on April 4, at International Students House, One Park Crescent, Regents Park, is titled Rethinking Value and Public Purpose: a mission-oriented approach and links to her latest book The Value of Everything: Making and Taking in the Global Economy.

EOA member Postlethwaite, an employee owned law firm specialising in all forms of employee share ownership, is supporting the lecture, which was established to commemorate and celebrate the life and legacy of EOA founder Robert Oakeshott after his death in 2011. The lecture, a key feature of the EOA40 celebrations, has previously featured Dame Stephanie ‘Steve’ Shirley, Sacha Romanovitch and Will Hutton.

Mariana, is a professor in the Economics of Innovation and Public Value at University College London (UCL), and is Founder and Director of the UCL Institute for Innovation & Public Purpose (IIPP), which is dedicated to rethinking the role of public policy in shaping both the rate of economic growth and its direction – and training the next generation of global leaders to build partnerships that can address mission-oriented societal goals.

As a prelude to Mariana’s lecture there will be a speech by David Erdal, who worked closely with Robert Oakeshott on a number of employee ownership projects, including taking his family’s business Tullis Russell into employee ownership, ahead of becoming interim MD of Job Ownership Ltd (the EOA) when Robert retired in 1999. David has authored two books on employee ownership Local Heroes – the Story of Loch Fyne Oysters and Beyond the Corporation: Humanity working.

Deb Oxley OBE, CEO of the EOA, said: “I am delighted to have Mariana give the Robert Oakeshott Lecture in our milestone year. In her most recent book which talks about businesses that extract value rather than those that create value I can see synergies with some of the findings in the report the Ownership Dividend: the economic case for employee ownership; in particular employee owned businesses creating value by using their independent status to root jobs and investment in regions over the longer term.

“As the EOA celebrates 40 years of better business together we have our sights set on our target of three million employee owners by 2030, and supporting a new economic era where the impact of business on individuals, their families and their communities starts to work in the interest of the many, not the few.”

Robert Postlethwaite, founder of Postlethwaite, said: “We are delighted to support the lecture in this milestone year for the EOA and the EO sector.

“I’m looking forward to hearing from David Erdal on his links with Robert Oakeshott and the early days of employee ownership as well as gaining insight from Mariana’s lecture into how employee owned businesses can create value and support growth in the economy over the next 40 years.”