The Entrepreneurial State (Revised Edition)

[Mazzucato] argues persuasively that a successful, innovative society must draw on symbiotic partnerships between governmental and private entities. -Richard N. Cooper, Foreign Affairs Conventional economics offers abstract models; conventional wisdom insists that the answer lies with private entrepreneurship. In this brilliant book, Mariana Mazzucato...argues that the former is useless and the latter incomplete. --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 It is one of the most incisive economic books in years. --Jeffery Madrick, New York Review of Books Ms. Mazzucato is right to argue that the state has played a central role in producing game-changing breakthroughs, and that its contribution to the success of technology-based businesses should not be underestimated. --The Economist [A] meticulously argued treatise that shows how unwise our conventional wisdom has become. --Christopher Dickey, Newsweek [P]rovides persuasive evidence that governments deserve more credit than private companies for the development of most important modern technologies. --Edward Hadas, Reuters [A] skillful combination of the history of technology, empirical evidence, and policy analysis...the book contains a critical reading of data and arguments that run counter to established views while never falling short of offering constructive solutions. --Davide Consoli, Science Makes an engaging, persuasive case in favor of the state, and suggests one recommend it not just as an instrument of market repair but also as a prerequisite for future prosperity. --J. Bhattacharya, Choice In this trailblazing book on the role of government as both a risk-taking funder of innovation and a market creator, Mariana Mazzucato persuasively argues that the government is a key enabler of technological innovations that drive economic growth...This important book should be read by policymakers, opinion leaders, and others with a stake in funding economic growth. --Arnold T. Davis, CFA Institute [P]rovides a refreshing new take on rather stale debates on the economic role of government. --Globe and Mail (UK) [A] well-researched and elegantly (even entertainingly) written knock-out to the belief [that] 'the market knows best.' --Professor Robert Wade, London School of Economics [A]ims to get us to understand better the sources of entrepreneurship, and to reflect more positively on the role aggressive technology policies can play in getting our economies moving again. --Professor Richard Nelson, Columbia University [This book] has helped to persuade me to shift our approach in the UK. --David Willetts, UK Minister for Universities and Science 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