The Entrepreneurial State: Debunking Public vs. Private Sector Myths

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9780857282521: The Entrepreneurial State: Debunking Public vs. Private Sector Myths

This new bestseller from leading economist Mariana Mazzucato – named by the ‘New Republic’ as one of the ‘most important innovation thinkers’ today – is stirring up much-needed debates worldwide about the role of the State in innovation. Debunking the myth of a laggard State at odds with a dynamic private sector, Mazzucato reveals in case study after case study that in fact the opposite situation is true, with the private sector only finding the courage to invest after the entrepreneurial State has made the high-risk investments. Case studies include examples of the State’s role in the ‘green revolution’, in biotech and pharmaceuticals, as well as several detailed examples from Silicon Valley. In an intensely researched chapter, she reveals that every technology that makes the iPhone so ‘smart’ was government funded: the Internet, GPS, its touch-screen display and the voice-activated Siri. Mazzucato also controversially argues that in the history of modern capitalism the State has not only fixed market failures, but has also shaped and created markets, paving the way for new technologies and sectors that the private sector only ventures into once the initial risk has been assumed. And yet by not admitting the State’s role we are socializing only the risks, while privatizing the rewards in fewer hands. This, she argues, hurts both future innovation and equity in modern-day capitalism. Named one of the ‘2013 Books of the Year’ by the ‘Financial Times’ and recommended by ‘Forbes’ in its 2013 ‘creative leaders’ list, this book is a must-read for those interested in a refreshing and long-awaited take on the public vs. private sector debate.

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“[H]ands down the most refreshing treatment of the innovation issue to have emerged in a long time.” —“Science and Public Policy”

‘[A] skillful combination of the history of technology, empirical evidence, and policy analysis […] the book contains a critical reading of data and arguments that run counter to established views while never falling short of offering constructive solutions.’ —Davide Consoli, ‘Science’

‘[P]rovides persuasive evidence that governments deserve more credit than private companies for the development of most important modern technologies.’ —Edward Hadas, ‘Reuters’

‘Mazzucato argues that long-term, patient government funding is an absolute prerequisite for breakthrough innovation. […] Even if you disagree with Mazzucato’s argument, you should read her book. It will challenge your thinking.’ —Bruce Upbin, ‘Forbes’

‘Conventional economics offers abstract models; conventional wisdom insists that the answer lies with private entrepreneurship. In this brilliant book, Mariana Mazzucato […] argues that the former is useless and the latter incomplete.’ —Martin Wolf, ‘Financial Times’

‘[A] meticulously argued treatise that shows how unwise our conventional wisdom has become.’ —Christopher Dickey, ‘Newsweek’

‘In this trailblazing book on the role of government as both a risk-taking funder of innovation and a market creator, Mariana Mazzucato persuasively argues that the government is a key enabler of technological innovations that drive economic growth. […] This important book should be read by policymakers, opinion leaders, and others with a stake in funding economic growth.’ —' Arnold T. Davis, CFA Institute book review

‘“The Entrepreneurial State: Debunking Public vs. Private Sector Myths” […] is a meticulously argued treatise that shows how unwise our conventional wisdom has become.’ —Christopher Dickey, ‘Newsweek’

‘Makes and engaging, persuasive case in favor of the state, and suggests one recommend it not just as an instrument of market repair but also as a prerequisite for future prosperity.’ —J. Bhattacharya, ‘Choice’

‘It is one of the most incisive economic books in years.’ —Jeffery Madrick, ‘New York Review of Books’


‘This is a book whose time has come. Mariana Mazzucato documents how the state played a crucial role behind some of the landmark innovations of our time. For many, the “entrepreneurial state” is a contradiction in terms. For Mazzucato, it is both a reality and a requirement for future prosperity.’ ?Dani Rodrik, Rafiq Hariri Professor of International Political Economy, John F. Kennedy School of Government, Harvard University


‘The principal entrepreneurial drive that has given us many of today’s most important technologies has come from the state. Most thinking and arguing regarding how to energize our sluggish economies is blind to this fact. Mariana Mazzucato’s book aims to get us to understand better the sources of entrepreneurship, and to reflect more positively on the role aggressive technology policies can play in getting our economies moving again.’ ?Richard Nelson, George Blumenthal Professor of International and Public Affairs, Columbia University


‘“The Entrepreneurial State” delivers a well-researched and elegantly (even entertainingly) written knock-out to the belief across most of the political spectrum and the economics profession that (with some qualifications) “the market knows best”. As many governments wonder how to boost the productivity and innovativeness of their industrial sectors, this book provides guidelines – based on successful and unsuccessful cases – on how to do industrial policy well. Above all, it shows why the common presumption that the state  “crowds out” the private sector – as though the private sector is a lion caged by a smothering state – is contradicted by what governments of economies from the United States to Brazil and China  actually do to “crowd in” innovations in the private sector.’ ?Robert Wade, Professor of Political Economy and Development, London School of Economics

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Mazzucato, Mariana
Editore: Anthem Press (2013)
ISBN 10: 0857282522 ISBN 13: 9780857282521
Nuovi Paperback Quantità: 1
Murray Media
(North Miami Beach, FL, U.S.A.)
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Descrizione libro Anthem Press, 2013. Paperback. Condizione libro: New. Codice libro della libreria P110857282522

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