Book

The Entrepreneurial State. Debunking Public vs. Private Sector Myths

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It has become fashionable, especially among some Americans and British, to believe that the government that governs least, governs best. In particular, according to this strain of thought, innovation and entrepreneurship thrive most when government gets out of the way. Mazzucato strongly challenges this view, arguing that the most important innovations of recent decades can virtually all be traced back to government support and often to government initiative. Specifically, the advancing frontiers of information technology, biotechnology, and energy have their origins in government-sponsored research and often in direct government investment. The same holds true for shale gas and electric automobiles, two innovations often praised as the fruits of private initiative. This book concedes that some government expenditures on innovation have been unproductive and even condemned as government waste by their critics. But that is hardly surprising, she counters: the absence of such mistakes would imply a lack of healthy risk taking. In this book the author supports her thesis with numerous examples and case studies and argues persuasively that a successful, innovative society must draw on symbiotic partnerships between governmental and private entities

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Detail Information

Series Title

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Call Number

330.9

Publisher

USA : Public Affairs., 2015

Collation

xxi_260 p.:ill.; 21 c.m.

Language

English

ISBN/ISSN

9781610396134

Classification

330.9

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

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Specific Detail Info

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Statement of Responsibility

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