In this sharp and controversial expose, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. She reveals in detailed case studies, including a riveting chapter on the iPhone, 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.
The Entrepreneurial State (Revised Edition) : Debunking Public vs. Private Sector Myths
Description
Table of Contents
Introduction: Thinking Big Again 1. From Crisis Ideology to the Division of Innovative Labour 2. Technology, Innovation and Growth 3. Risk-Taking State: From 'De-risking' to 'Bring It On!' 4. The US Entrepreneurial State 5. The State behind the iPhone 6. Pushing vs. Nudging the Green Industrial Revolution 7. Wind and Solar Power: Government Success Stories and Technology in Crisis 8. Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems 9. Socialization of Risk and Privatization of Rewards: Can the Entrepreneurial State Eat Its Cake Too? 10. Conclusion
Author Description
Professor Mariana Mazzucato (Ph.D.) holds the RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex. She has held academic positions at the University of Denver, London Business School, Open University, and Bocconi University. Professor Mazzucato is winner of the 2014 New Statesman SPERI Prize in Political Economy and the 2015 Hans-Matthoefer-Preis. In 2013 the New Republic called her one of the'3 most important thinkers about innovation'. She advises policy-makers around the world on innovation-led growth and is a member of the Scottish Government's Council of Economic Advisers, the UK Labour Party's Economic Advisory Committee, the World Economic Forum's Council on the Economics of Innovation and the European Commission's expert group on Innovation for Growth (RISE). Her 2013 TED Global talk, with more than 700,000 views.