The Entrepreneurial State: Debunking Public vs. Private Sector Myths

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Penguin Books Limited, Mar 22, 2018 - Political Science - 288 pages

'Superb ... At a time when government action of any kind is ideologically suspect, and entrepreneurship is unquestioningly lionized, the book's importance cannot be understated' Guardian

According to conventional wisdom, innovation is best left to the dynamic entrepreneurs of the private sector, and government should get out of the way. But what if all this was wrong? What if, from Silicon Valley to medical breakthroughs, the public sector has been the boldest and most valuable risk-taker of all?

'A brilliant book' Martin Wolf, Financial Times

'One of the most incisive economic books in years' Jeff Madrick, New York Review of Books

'Mazzucato is right to argue that the state has played a central role in producing game-changing breakthroughs' Economist

'Read her book. It will challenge your thinking' Forbes

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User Review  - Dilip-Kumar - LibraryThing

Makes the point in great detail and length that many of the most revolutionary technical and technological advances have been achieved with the active support and initiative of governments, and not by ... Read full review

LibraryThing Review

User Review  - rivkat - LibraryThing

State financing, not private investment, lays the groundwork for much valuable innovation, and pretending that it doesn’t has led to the fetishization of private business, the stripping of government ... Read full review

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About the author (2018)

Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is also Founder and Director of the Institute for Innovation and Public Purpose. Her widely published research focuses on the relationship between public policy, innovation, and economic growth and she advises policymakers around the world on how to steer innovation so that it produces growth that is more inclusive and sustainable. She is co-editor of Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth and her new book The Value of Everything: making and taking in the global economy will be published by Penguin (Allen Lane) in April 2018. She is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the 'three most important thinkers about innovation' in New Republic.