The Entrepreneurial State

Governments, in Mariana Mazzucato's argument, have funded and shouldered the risk behind many technologies later credited entirely to private enterprise, and The Entrepreneurial State assembles the evidence for that claim. The book works through case material from information technology, pharmaceuticals and renewable energy, examining who paid for early-stage research, who carried the uncertainty, and who captured the returns. Mazzucato writes for a general readership as well as for economists, and her policy conclusions follow from the cases rather than being asserted at the end. A closer reading: • A case-based challenge to standard accounts of where innovation comes from • Examples spanning computing, health and clean energy • Analysis of who bears risk and who collects reward in innovation • Policy arguments pitched at economists and general readers alike Relevant for economics students, policy professionals, founders and business readers, available from Boipoka.