UID:
kobvindex_INT0004272
Format:
xxiv, 260 pages
,
illustrations
,
20 x 13 cm
Edition:
Revised edition, reprint
ISBN:
9780141986104
,
9780241305591
,
9780857282521
,
0141986107
,
0241305594
,
0857282522
Content:
"According to conventional wisdom, innovation is best left to the dynamic entrepreneurs of the private sector, and government should get out of the way. But what if all this was wrong? What if, from Silicon Valley to medical breakthroughs, the public sector has been the boldest and most valuable risk-taker of all?"
Content:
"From one of the world's leading economists, a bestselling expose of the state's crucial role in sparking innovation and growth-and the dangers of ignoring this truth. Conventional wisdom holds that innovation is the preserve of the private sector, best left in the hands of that modern day folk hero-the lone entrepreneur. In this popular tale, the role of the public sector is simply to get out of the way, at best fixing market failures, in order to facilitate our daring hero's bold, risk-taking endeavours. But what if this powerful, contemporary myth is wrong? In this sharp and controversial expose, Mariana Mazzucato comprehensively debunks the myth of a lumbering, bureaucratic state weighing down a dynamic private sector, to reveal how public investments have been behind many of the greatest innovations of our time. From the technologies that make the iPhone 'smart', to biotech, pharmaceuticals and today's emerging green technologies, it is the state that has been the investor of first resort, our boldest and most valuable innovator. Meanwhile, the private sector only finds the courage to invest after the entrepreneurial state has made the truly pioneering, high-risk investments. This false narrative has real world consequences - a select few get credit for what is an intensely collective effort, privatising rewards reaped from socialized risks. Mazzucato makes a powerful case that a failure to understand the state's entrepreneurial role is leading us down the wrong path-towards a future of stagnant growth and increased inequality. As we face the new challenges of the twenty-first century, Mazzucato argues that we need to reinvent the entrepreneurial state, to co-create the opportunities of the future -- and the kinds of public-private deals that will allow smart, innovation-led growth to also be more inclusive growth."
Note:
EDITORIAL NOTE: 1st edition published: New York ; London : Anthem Press, 2013
,
EDITORIAL NOTE: revised edition originally published by Anthem Press, 2015
,
EDITORIAL NOTE: this revised edition published with a new foreword by Penguin Books, 2018
,
List of tables and figures -- List of acronyms -- Acknowledgements -- Foreword to 2018 edition : Rediscovering public wealth creation Introduction: Thinking Big Again From Crisis Ideology to the Division of Innovative Labour Technology, Innovation and Growth Risk-Taking State: From 'De-risking' to 'Bring It On!' The US Entrepreneurial State The State behind the iPhone Pushing vs. Nudging the Green Industrial Revolution Wind and Solar Power: Government Success Stories and Technology in Crisis Risks and rewards: From Rotten Apples to Symbiotic Ecosystems Socialization of Risk and Privatization of Rewards: Can the Entrepreneurial State Eat Its Cake Too? Conclusion Appendix -- Bibliography -- Index
Language:
English
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