Overview
According to conventional wisdom, innovation is best left toĀ theĀ bold entrepreneurs ofĀ theĀ private sector, and government should get out ofĀ theĀ way. But what if that wasn't case? What if, from the inventions of Silicon Valley to medical breakthroughs,Ā theĀ public sector has actually beenĀ theĀ most courageous and valuable risk-taker of all?
Critically acclaimed and influential thinker and scholar Mariana Mazzucato argues comprehensively against theĀ myth of a lumbering, bureaucraticĀ stateĀ versus a dynamic, innovative private sector with remarkable original and deep research. In a series of case studiesāfrom nanotechnology to the emerging green tech of todayāMazzucato reveals thatĀ theĀ opposite is true:Ā theĀ private sector only findsĀ theĀ courage to invest after an entrepreneurialĀ stateĀ has madeĀ theĀ high-risk investments. The Entrepreneurial State reveals how every technology that makesĀ theĀ iPhone so āsmartā was actually funded by the governmentāfrom theĀ Internet and GPS technology, to touch-screen displays and voice-activated Siri.
InĀ theĀ history of modern capitalism, theĀ StateĀ has not only fixed market failures, but has also actively shaped and created markets. In doing so, it sometimes wins and sometimes fails. Yet by not admittingĀ theĀ Stateās role in active risk taking, we've created an "innovation system" where the public sector socializes risks while privatizing reward, as Mazzucato controversially argues. This bold and provocative book considers how we adopted this dysfunctional dynamic, and then how we can overcome it so that economic growth can be not only "smart" but "inclusive" as well.
This book title, The Entrepreneurial State (Debunking Public vs Private Sector Myths), ISBN: 9780593656938, by Mariana Mazzucato, published by Penguin Publishing Group (February 6, 2024) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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