Measuring the Value of Health Care - Economics and Innovation

Explore the complex economics of healthcare in this thought-provoking talk by economist Mariana Mazzucato. Delve into the challenges of measuring health's value, examining how price distortions and market failures impact treatment accessibility and innovation. Learn about the role of public and private sectors in healthcare financing, the influence of venture capital, and the importance of mission-oriented approaches to drive meaningful progress. Discover insights on patents, equity, value chains, and the potential of prize-based incentives in fostering healthcare advancements. Gain a deeper understanding of the intricate relationship between innovation and wealth redistribution in the health sector, and consider how these concepts apply to other public domains.

Intro
Market Failures
The Entrepreneurial State
The iPhone
Public vs Private Finance
VCs in Health
Warren Buffett
Missions in the Horizon
Public Investment
Patents
Equity
Value Chain
Value Narrative
DARPA
Confidence
Innovation vs Redistribution
Prizes
Audience Questions
Other public sectors
Jason Palmer
Tobias Reed