The Entrepreneurial State: debunking public vs. private sector myths (Anthem 2013) is stirring up much-needed debate worldwide about the role of the state in fostering the innovation needed for smart, sustainable growth.
The book comprehensively debunks the myth of a lumbering, bureaucratic state versus a dynamic, innovative private sector. In case study after case study Professor Mazzucato shows that the opposite is true: the private sector only finds the courage to invest after an entrepreneurial state has made the high-risk investments - from the green revolution to biotech and from pharmaceuticals to Silicon Valley. And she argues that by not admitting the State’s role we are socializing only the risks, while privatizing the rewards.
In 2014 Professor Mazzucato was awarded the New Statesman SPERI prize for her work on smart growth and the entrepreneurial state. The book was shortlisted for the prestigious Wirtschaftsbuchpreis in Germany and featured on the 2013 books of the year lists of the Financial Times and Forbes. It has been translated into Italian, German, Portuguese and Spanish. Forthcoming: Greek, Chinese, Japanese and Korean.