The Entrepreneurial State

In The Entrepreneurial State, Mariana Mazzucato challenges the widely held belief that innovation and economic growth are driven solely by private sector entrepreneurs. Through detailed case studies, from the iPhone to pharmaceuticals and renewable energy, she reveals how crucial state-funded research and investment have been in fostering breakthrough innovations, often with their benefits subsequently privatized. Mazzucato advocates for a reevaluation of economic policies to ensure public contributions are recognized and fairly rewarded.Why You Should Read? Examines the state's active, risk-taking role in driving technological innovation. Analyzes how the benefits of public investment are often privatized. Proposes economic policy changes to acknowledge and fairly reward public contributions. Offers critical insights for policymakers, entrepreneurs, and students of economic innovation.