Radical Markets: Uprooting Capitalism and Democracy for a Just Society | The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality | The Value of Everything | The Global Minotaur | The Political Economy Reader | The End of the Free Market | After Empire
This bestseller from leading economist Mariana Mazzucato Ã¯Â¿Â½ named by the Ã¯Â¿Â½New RepublicÃ¯Â¿Â½ as one of the Ã¯Â¿Â½most important innovation thinkersÃ¯Â¿Â½ today Ã¯Â¿Â½ is stirring up much-needed debates worldwide about the role of the State in innovation. Debunking the myth of a laggard State at odds with a dynamic private sector, Mazzucato reveals in case study after case study that in fact the opposite situation is true, with the private sector only finding the courage to invest after the entrepreneurial State has made the high-risk investments. Case studies include examples of the StateÃ¯Â¿Â½s role in the Ã¯Â¿Â½green revolutionÃ¯Â¿Â½, in biotech and pharmaceuticals, as well as several detailed examples from Silicon Valley. In an intensely researched chapter, she reveals that every technology that makes the iPhone so Ã¯Â¿Â½smartÃ¯Â¿Â½ was government funded: the Internet, GPS, its touch-screen display and the voice-activated Siri. Mazzucato also controversially argues that in the history of modern capitalism the State has not only fixed market failures, but has also shaped and created markets, paving the way for new technologies and sectors that the private sector only ventures into once the initial risk has been assumed. And yet by not admitting the StateÃ¯Â¿Â½s role we are socializing only the risks, while privatizing the rewards in fewer hands. This, she argues, hurts both future innovation and equity in modern-day capitalism. Named one of the Ã¯Â¿Â½2013 Books of the YearÃ¯Â¿Â½ by the Ã¯Â¿Â½Financial TimesÃ¯Â¿Â½ and recommended by Ã¯Â¿Â½ForbesÃ¯Â¿Â½ in its 2013 Ã¯Â¿Â½creative leadersÃ¯Â¿Â½ list, this book is a must-read for those interested in a refreshing and long-awaited take on the public vs. private sector debate.
About: This bestseller from leading economist Mariana Mazzucato ï¿½ named by the ï¿½New Republicï¿½ as one of the ï¿½most important innovation thinkersï¿½ today ï¿½ is stirring up much-needed debates worldwide about the role of the State in innovation.
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