Professor Mazzucato's talk will look at why the discussion of policy as ‘intervention’ in the ‘market' is a myth. Markets are outcomes of different of interactions between heterogeneous agents (including different types of public and different types of private organizations). She will emphasise why this requires much more attention on the types of interactions, and the types of organizations. In particular, she will argue why the role of public policy must change from being about ‘fixing’ market failures, to one of actively shaping and creating markets. And the danger of not understanding this active role, given the societal challenges we have in front of us: battling climate change, inequality, and financial market reform.