The Entrepreneurial State

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Challenging conventional wisdom, Mariana Mazzucato presents a compelling argument that the public sector plays a crucial role in innovation, contrary to the belief that private entrepreneurs are the sole drivers. Through detailed case studies, she illustrates how government investments have been pivotal in technological advancements, such as those behind the iPhone. Mazzucato critiques the current system where risks are socialized while rewards are privatized, urging a reevaluation of the state's role to foster a more inclusive economic growth.