The Entrepreneurial State: Debunking Public vs. Private Sector Myths

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PublicAffairs, Oct 27, 2015 - Business & Economics - 288 pages
The world's most popular products, from the iPhone to Google Search, were funded not by private companies, but the taxpayer.

In this sharp and controversial international bestseller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: the state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation. The repercussions could stunt economic growth and increase inequality. Mazzucato teaches us how to reverse this trend before it is too late.

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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

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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 (2015)

Mariana Mazzucato is professor in the Economics of Innovation and Public Value at University College London (UCL), where she directs the Institute for Innovation and Public Purpose. She is the winner of the 2014 New Statesman SPERI Prize for Political Economy, the 2015 Hans-Matthö-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" by the New Republic.

She advises global policy makers on innovation-driven inclusive growth and is Special Advisor to the EU commissioner for research, science and innovation. She is a coeditor of Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth and the author of the award-winning The Entrepreneurial State: Debunking Public vs. Private Sector Myths.

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