The Entrepreneurial State

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Debunking Public vs. Private Sector Myths

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Debunking Public vs. Private Sector Myths

This book debunks the myth of the state as a large bureaucratic organization that can at best facilitate the creative innovation which happens in the dynamic private sector. Analysing various case studies of innovation-led growth, it describes the opposite situation, whereby the private sector only becomes bold enough to invest after the courageous state has made the high-risk investments.

The volume, which builds on the author's work for a high-impact DEMOS report, argues that in the history of modern capitalism, the state has generated economic activity that would not otherwise have happened, and has actively opened up new technologies and markets that private investors can later move into. Far from the often heard criticisms of the state as potentially 'crowding out' private investments, the state makes them happen, shaping and creating markets, not only 'fixing' them. Ignoring this reality only serves ideological ends, and hurts effective policy making.

This book examines case studies ranging from the advent of the Internet to the emergence of the biotechnology and nanotechnology industries. In particular, the volume debunks the myth that Silicon Valley was created by entrepreneurial venture capital. A key chapter focuses on the state investments behind Apple's success, and reveals that every major technology behind the iPhone owes its source to public funds. Thus, while entrepreneurial individuals like Steve Jobs are needed, their success is nearly impossible without their ability to ride the wave of state investments. And if Europe wants its own Googles, it needs more state action, not less.

Two forward-looking chapters focus on the emergence of the next big thing after the internet: the 'green revolution'. Both solar and wind are currently being led by state spending, whether through the US ARPA-E programme or the Chinese and Brazilian state investment banks. The discussion refreshingly moves beyond the usual division between proponents of austerity vs. the proponents of fiscal stimulus. It argues that state investments not only help kickstart growth during periods of recession, but that they also, even in the boom period, lead to productive investments in radical new technologies which later foster decades of growth.

The book ends with a fundamental question: if the state is so important to investments in high-risk innovation, why does it capture so little direct return?

For more information please see the book website: www.entrepreneurialstate.anthempressb...

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گزارش تخلف

مغایرت عنوان کتاب با توضیحات و تصویر جلد
عدم رعایت حقوق نشر طبق قوانین جمهوری اسلامی ایران
محتوای مستهجن
توهین به قومیتها و محتوای نژادپرستی
توهین به اقیلیتهای مذهبی
اهانت به مقامات سیاسی و مذهبی
اشاعه ی کودک آزاری
سایر موارد

بستن

فرمت کتاب

ebook

زبان

english

تاریخ انتشار

2013

نویسنده

Mariana Mazzucato

ناشر

Anthem Press

شابک

9780857282521

20,000 تومان

خرید کتاب مطالعه نمونه درخواست ترجمه کتاب

خرید کتاب The Entrepreneurial State

The Entrepreneurial State

گزارش تخلف

فرمت کتاب

ebook

زبان

english

تاریخ انتشار

2013

نویسنده

ناشر

شابک

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