Deirdre McCloskey and Alberto Mingardi: The Myth of the Entrepreneurial State

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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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John Oliver on Economic Development

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