View source for The Entrepreneurial State (Anthem Press)
From Critiques Of Libertarianism
Jump to:
navigation
,
search
<!-- you can have any number of categories here --> [[Category:The Entrepreneurial State: Debunking Public vs. Private Sector Myths]] <!-- 1 URL must be followed by >= 0 Other URL and Old URL and 1 End URL.--> {{URL | url = http://www.anthempress.com/the-entrepreneurial-state}} <!-- {{Other URL | url = }} --> <!-- {{Old URL | url = }} --> {{End URL}} {{DES | des = The publisher's web site for this book, with a list of links. | show=}} <!-- DPL has problems with categories that have a single quote in them. Use these explicit workarounds. --> <!-- normally, we would use {{Links}} and {{Quotes}} --> {{Quotations|The Entrepreneurial State (Anthem Press)|quotes=true}} {{Text | This book debunks the myth of a dynamic private sector vs. a sluggish public sector by providing a detailed account of the role of the public sector in taking on high-risk entrepreneurial investments, from the Internet to the green revolution. Imprint: Anthem Press Paperback ISBN 9780857282521 June 2013 | 264 Pages | 216 x 140mm; 8.5 x 5.5 | 10+ figures PRICE: £13.99 / $18.95 This title is also available as an eBook Print friendly information sheet About This Book | Author Information | Table of Contents | Links | Related Subjects | About This Book ‘Conventional economics offers abstract models; conventional wisdom insists that the answer lies with private entrepreneurship. In this brilliant book, Mariana Mazzucato, a Sussex University professor of economics who specialises in science and technology, argues that the former is useless and the latter incomplete. Yes, innovation depends on bold entrepreneurship. But the entity that takes the boldest risks and achieves the biggest breakthroughs is not the private sector; it is the much-maligned state. […] This book has a controversial thesis. But it is basically right. The failure to recognise the role of the government in driving innovation may well be the greatest threat to rising prosperity.’ —Martin Wolf, ‘Financial Times’ ‘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’ ‘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 For more information please see the book website: www.entrepreneurialstate.anthempressblog.com This book debunks the myth of the State as a large bureaucratic organization that can at best facilitate the creative innovation which happens in the dynamic private sector. Analysing various case studies of innovation-led growth, it describes the opposite situation, whereby the private sector only becomes bold enough to invest after the courageous State has made the high-risk investments. The volume, which builds on the author’s work for a high-impact DEMOS report (substantially developed and extended), argues that in the history of modern capitalism, the State has generated economic activity that would not otherwise have happened, and has actively opened up new technologies and markets that private investors can later move into. Far from the often heard criticisms of the State potentially ‘crowding out’ private investments, the State makes them happen, shaping and creating markets, not only ‘fixing’ them. Ignoring this reality only serves ideological ends, and hurts effective policymaking. This book examines case studies ranging from the advent of the Internet to the emergence of the biotechnology and nanotechnology industries. In particular, the volume debunks the myth that Silicon Valley was created by entrepreneurial venture capital. A key chapter focuses on the State investments behind Apple’s success, and reveals that every major technology behind the iPhone owes its source to public funds. Thus, while entrepreneurial individuals like Steve Jobs are needed, their success is nearly impossible without their ability to ride the wave of State investments. And if Europe wants its own Googles, it needs more State action, not less. Two forward-looking chapters focus on the emergence of the next big thing after the internet: the ‘green revolution’. Both solar and wind technology are currently being led by State spending, whether through the US ARPA-E programme or the Chinese and Brazilian State investment banks. The discussion refreshingly moves beyond the usual division between proponents of austerity vs. the proponents of fiscal stimulus. It argues that State investments not only help kick-start growth during periods of recession, but that they also, even in boom periods, lead to productive investments in radical new technologies which later foster decades of growth. The book ends with a fundamental question: if the State is so important to investments in high-risk innovation, why does it capture so little direct return? Readership: A business audience, academics, students, policymakers and the general reader will find this book essential to understanding the role of the state in modern day capitalism. Author Information Mariana Mazzucato is professor of economics at the University of Sussex (SPRU), where she holds the prestigious RM Philips Chair in Science and Technology Policy. www.marianamazzucato.com http://www.marianamazzucato.com/projects/entrepreneurial-state/ @mazzucatom Table of Contents List of Tables and Figures; List of Acronyms; Acknowledgements; Foreword by Carlota Perez; Introduction: Do Something Different; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From ‘De-risking’ to ‘Bring It On!’; Chapter 4: The Us Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: Socialization of Risk and Privatization of Rewards: Can the Entrepreneurial State Eat Its Cake Too?; Chapter 10: Conclusion; Appendix; Bibliography; Index Links ‘Government — investor, risk taker, innovator: Mariana Mazzucato at TEDGlobal 2013’ —David Webber, TED Blog ‘Debunking the Narrative of Silicon Valley’s Innovation Might’ —Bruce Upbin, ‘Forbes’ ‘Professor Mariana Mazzucato, RM Phillips Professor of Science and Technology Policy, University of Sussex, joins The Innovation Debate 2012’ —www.innovationdebate.com ‘Video: Leading economist Mariana Mazzucato speaks at the Dutch Ministry of Economic Affairs’ —www.government.nl Mariana Mazzucato on the BBC’s Newsnight ‘Towards a fairer capitalism: Let's burst the 1% bubble’ —Mariana Mazzucato, ‘Guardian’ ‘Entrepreneurial State presentation on BBC World Service’ —Mariana Mazzucato Official launch of ‘The Entrepreneurial State’ by Mariana Mazzucato }}
Template:DES
(
view source
)
Template:End URL
(
view source
)
Template:Extension DPL
(
view source
)
Template:Quotations
(
view source
)
Template:Text
(
view source
)
Template:URL
(
view source
)
Return to
The Entrepreneurial State (Anthem Press)
.
Navigation menu
Views
Page
Discussion
View source
History
Personal tools
Log in
Search
Search For Page Title
in Wikipedia
with Google
Translate This Page
Google Translate
Navigation
Main Page (fast)
Main Page (long)
Blog
Original Critiques site
What's new
Current events
Recent changes
Bibliography
List of all indexes
All indexed pages
All unindexed pages
All external links
Random page
Under Construction
To Be Added
Site Information
About This Site
About The Author
How You Can Help
Support us at Patreon!
Site Features
Site Status
Credits
Notes
Help
Toolbox
What links here
Related changes
Special pages
Page information
Guidelines To Create
Indexable Page/Quote
Indexable Book/Quote
Indexable Quote
Unindexed
Templates
Edit Sidebar
Purge cache this page