The Entrepreneurial State: Debunking Public vs. Private Sector Myths

The Entrepreneurial State: Debunking Public vs. Private Sector Myths


By (author) Mariana Mazzucato

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  • Publisher: Anthem Press
  • Format: Paperback | 266 pages
  • Dimensions: 140mm x 208mm x 25mm | 227g
  • Publication date: 10 June 2013
  • Publication City/Country: London
  • ISBN 10: 0857282522
  • ISBN 13: 9780857282521
  • Illustrations note: 1, black & white illustrations
  • Sales rank: 14,389

Product description

This book, which builds on the author's work for a high-impact DEMOS report, debunks the myth of the state as a large bureaucratic organization that can at best facilitate the creative innovation which happens in the dynamic private sector. Analysing various case studies of innovation-led growth, in particular examples from Silicon Valley - from the Internet to the technologies behind the iPhone - it describes the opposite situation, whereby the private sector only finds the courage to invest after the entrepreneurial state has made the high-risk investments. It argues that in the history of modern capitalism - and today in what might soon become the 'green' revolution - the state has not only fixed market failures but also shaped and created markets, actively investing in new technologies and sectors that private investors only later find the courage to move into.

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Author information

Mariana Mazzucato is RM Phillips Professor in the Economics of Innovation, SPRU, University of Sussex. Named one of the three most important thinkers about innovation by the New Republic, she lectures widely and advises the UK government and the European Commission on innovation-led growth. http: // @mazzucatom"

Review quote

'Ms. Mazzucato provides a refreshing new take on rather stale debates on the economic role of government. [...] "The Entrepreneurial State" is a forceful reminder that governments have a major role to play in building a highly productive, innovative and sustainable economy.' -- Andrew Jackson, 'Globe and Mail'