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The Entrepreneurial State

Debunking Public vs. Private Sector Myths

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The Entrepreneurial State

Written by: Mariana Mazzucato
Narrated by: Callie Beaulieu
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About this listen

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 best seller, 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.

©2015 Mariana Mazzucato; foreward copyright 2018 by Mariana Mazzucato (P)2019 Tantor Political Science Public Policy Small Business & Entrepreneurship Business
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powerful argument, but repetitive writing

Mariana mazzucato lays out a powerful model of technical innovation, against a backdrop of overhyped claims on behalf of the private sector. she argues that:

1. the state has often taken a lead in fostering innovation when the private sector has either been unable or unwilling to do so.
2. this type of innovation has led to competitive advantages for countries like the United States, and is a public good which deserves investment.
3. despite its substantial contributions, the state (i.e. taxpayers) and other key stakeholders have often not benefited from the fostering of innovation.
4. policymakers should design programs with an eye to fostering innovation in a way that recaptures the benefits.

these claims are backed up with persuasive case studies,, and some of the sub arguments - e.g. the path dependence of innovation - are interesting. however, the text is extremely repetitive, and it detract from the quality of the overall book.

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