Day: September 21, 2019

Bureaucrats a heterodox economist trusts big time to pick winners are too witless to phone to confirm her credit card details

Table of Contents

  1. Introduction: Thinking Big Again
  2. From Crisis Ideology to the Division of Innovative Labour
  3. Technology, Innovation and Growth
  4. Risk-Taking State: From ‘De-risking’ to ‘Bring It On!’
  5. The US Entrepreneurial State
  6. The State behind the iPhone
  7. Pushing vs. Nudging the Green Industrial Revolution
  8. Wind and Solar Power: Government Success Stories and Technology in Crisis
  9. Risks and rewards: From Rotten Apples to Symbiotic Ecosystems
  10. Socialization of Risk and Privatization of Rewards: Can the Entrepreneurial State Eat Its Cake Too?
  11. Conclusion

MARIANA MAZZUCATO is a Professor in Economics at the University of Sussex, where she holds the RM Phillips Chair in Science and Technology Policy. She is interested in the interactions between technological change, economic growth, and the ways that industries are structured. Her recent work has looked at the leading role of the State in fostering innovation, and hence the implications of ‘austerity’ for Europe’s ability to be an ‘Innovation Union’. In her last book The Entrepreneurial State she argues that active State investment has been the secret behind most radical innovations, and that this requires economists to analyse the State as market ‘maker’ and market ‘shaper’ not just market ‘fixer’.

‘The only really important public service I performed’: John Stuart Mill’s women’s suffrage amendment, 20 May 1867

perhaps the only really important public service I performed in the capacity of a Member of Parliament: a motion to strike out the words which were understood to limit the electoral franchise to males, thereby admitting to the suffrage all women who as householders or otherwise possess the qualification of all male electors.

The Victorian Commons

Our MP of the Month is John Stuart Mill (1806-73), who sat as Liberal MP for Westminster, 1865-8.

One hundred and fifty years ago this week, the House of Commons voted for the first time on the question of granting the parliamentary franchise to women. In this landmark division, an amendment to the Conservative ministry’s 1867 reform bill put forward by the Liberal MP for Westminster, John Stuart Mill, 75 MPs backed women’s suffrage. However, 196 MPs, including the Liberal party leader, William Gladstone, entered the opposite lobby.

In his autobiography, Mill, who sat in the Commons from 1865 until his defeat at the 1868 general election, described his amendment of 20 May 1867 as

by far the most important, perhaps the only really important public service I performed in the capacity of a Member of Parliament: a motion to strike out the words which were understood to limit…

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Fancy dress companies should be reviewing their costume offerings in the wake of Trudeau’s folly

Point of Order

We wonder if Sparkling Strawberry Ltd – and other businesses which provide fancy dress costumes – have been obliged to review the range of garments they offer.

We mention SparklingStrawberry, based in Cheshire in the UK, after stumbling upon its website and running through its list of Fancy Dress Party Ideas

Here’s a few fancy dress ideas to inspire you when planning your Birthday, Halloween, Christmas, New Year’s Eve or Hogmanay fancy dress costume party. If you need any more excuses to throw a fancy dress party then you’ll find 52 reasons towards the bottom of this page.

An Alice in Wonderland party is one idea, but some of the suggestions in connection with this seem problematic.  The Mad Hatter, for example.  This is bound to give offence to the mentally enfeebled and/or their families.

The White Rabbit and White Queen raise racism issues.

But then we come to the…

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9-11: George W. Bush and his bullhorn

Public Secrets

Lots of people have written today about that terrible morning: where they were, what they remember, maybe honoring the victims or the many valiant heroes of the battle and its aftermath. I wondered what I would write. I decided that, rather than focus on the day itself, something others have done much more eloquently than I ever could, I wanted to share video of what has become one of my strongest memories from that time: the moment, when, three days later, George W. Bush stood amidst the smoldering ruins from which the dead were still being recovered and rallied a stunned and bloodied nation:

That was the day a man who won a disputed, contentious election truly became President of the United States of America, and I’ll forever be grateful for him.

Note: This is a reposting of something I try to put up each September 11th. 

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My New Column at Forbes on Energy & Climate

Roger Pielke Jr.


I’ve started a new column at Forbes on energy and climate. Here are my first four columns:

  • When Is Climate Change Just Weather? What Hurricane Dorian Coverage Mixes Up, On Purpose (link)
  • Democrat Climate Policies Are Ambitious But Fail The Reality Test (link)
  • The Case for a Goldilocks Carbon Tax (link)
  • The Yawning Gap Between Climate Rhetoric and Climate Action (link)

Comments welcomed and more to come!

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