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The Entrepreneurial State
10th anniversary edition updated with a new preface
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Check link for latest rating. ( 3,290 ratings, 377 reviews)
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The Entrepreneurial State
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
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Description
The Entrepreneurial State by Mariana Mazzucato offers a compelling and provocative re-examination of the common beliefs about innovation and the roles of the public and private sectors in fostering economic growth. This bestselling exposé unveils the often-overlooked role of the state in driving groundbreaking advancements and highlights the dangers of ignoring this critical truth.
Conventional wisdom suggests that innovation thrives solely within the private sector, led by the daring and risk-taking efforts of lone entrepreneurs. In this widely accepted narrative, the role of the public sector is limited to fixing market failures and removing obstacles for the private sector to thrive. But what if this contemporary myth is significantly flawed?
In this incisive and controversial work, Mazzucato comprehensively debunks the myth of an inefficient, bureaucratic state stifling a nimble private sector. She reveals that, contrary to popular belief, many of the greatest technological advancements of recent history owe their success to substantial public investment. From the smart technologies that power the iPhone to groundbreaking breakthroughs in biotech, pharmaceuticals, and the latest green technologies, it is the state that has often acted as the earliest and most daring investor.
Mazzucato argues that the state has been the key innovator, boldly funding high-risk projects that the private sector would not dare to tackle until they have been de-risked by public money. This investment is not just a secondary role; it is the cornerstone of progress and innovation. The author provides numerous examples and case studies to illustrate how public funds have laid the foundation for today’s most cutting-edge industries and how the private sector has subsequently capitalised on these state-led investments.
Drawing on a rich body of research and data, Mazzucato’s analysis challenges the reader to reconsider the dynamic between the state and the private sector and to appreciate the essential and symbiotic relationship between the two. Her book calls for a reassessment of the way we view economic policy and innovation strategy, urging policymakers and the public to acknowledge and support the indispensable role of state investment in our collective future.
The Entrepreneurial State is a must-read for economists, policymakers, entrepreneurs, and anyone interested in the true drivers of innovation and economic development. Mazzucato’s sharp insights and thorough research make a compelling case for a more balanced understanding of the roles of public and private sectors in propelling us towards a prosperous and technologically advanced future.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
The Entrepreneurial State has been praised for challenging conventional economic thinking, described as one of the most incisive economics books in recent years. It presents a controversial but fundamentally compelling argument according to reviewers.
Book Details
INFORMATION
ISBN: 9780141986104
Publisher: Penguin Books Ltd
Format: Paperback / softback
Date Published: 22 March 2018
Country: United Kingdom
Imprint: Penguin Books Ltd
Audience: General / adult, Tertiary education, Professional and scholarly
DIMENSIONS
Spine width: 17.0mm
Width: 129.0mm
Height: 198.0mm
Weight: 224g
Pages: 304
About the Author
Mariana Mazzucato (Author, Preface By) Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation & Public Purpose. Her previous posts include the RM Phillips Professorial Chair at the Science Policy Research Unit at Sussex University. She is the winner of international prizes including the Grande Ufficiale Ordine al Merito della Repubblica Italiana in 2021, Italy's highest civilian honour, the 2020 John von Neumann Award, the 2019 All European Academies Madame de Stael Prize for Cultural Values, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. Most recently, Pope Francis appointed her to the Pontifical Academy for Life for bringing 'more humanity' to the world. As well as The Entrepreneurial State, she is the author of The Value of Everything- Making and Taking in the Global Economy (2018), Mission Economy- A Moonshot Guide to Changing Capitalism (2021), and The Big Con- How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies (2023). She advises policy makers around the world on innovation-led, inclusive and sustainable growth. Her current roles have included for example Chair of the World Health Organization's Council on the Economics of Health for All, Co-Chair of the Global Commission on the Economics of Water, Co-Chair of the Council on Urban Initiatives, and member of the South African President's Economic Advisory Council. Previously, through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation (2017-2019), she authored the high-impact report on Mission-Oriented Research and Innovation in the European Union, turning 'missions' into a crucial new instrument in the European Commission's Horizon innovation programme, and more recently, authored a report with the UN's Economic Commission for Latin America and the Caribbean (ECLAC) on Transformational Change in Latin America and the Caribbean- A mission-oriented approach.
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