The wages of sin are still paying for the Vice Fund

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 importance of the market test

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Investment strategy of @NZSuperFund is against all the odds @TaxpayersUnion

The Injustice of Corporate Welfare

John Oliver on Economic Development

Free To Choose 1980 – The Tyranny of Control – Hand Looms

@NZSuperFund claims to beat the market

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How an Island Lost Its Fortune Making a Terrible Musical

Paul Krugman has been on a bit of a bad trot for sometime

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