The Entrepreneurial State
Debunking public vs. private sector myths
"Superb … At a time when government action of any kind is ideologically suspect, and entrepreneurship is unquestioningly lionized, the book's importance cannot be understated" The Guardian
“The Entrepreneurial State” has been published in 21 countries including Brazil, China, France, Germany, Italy, Japan, UK and USA.
Synopsis
***10th Anniversary edition: Updated with a new preface***
The Entrepreneurial State debunks the myth that innovation is best left to the private sector and shows how governments have been the key risk-takers behind transformative technologies.
From Silicon Valley to biotech, the book demonstrates how public investment laid the foundation for private sector success.
Mazzucato argues that the state not only fixes markets but actively creates them. By socializing risks and privatizing rewards, innovation becomes unequal.
The book proposes a new framework where innovation-led growth is inclusive and sustainable.