Policy impact in the USA

Professor Mazzucato’s book The Entrepreneurial State: debunking public vs. private sector myths came out in the USA in Autumn 2015. The book challenges the established political narrative on big Government. Its UK publication prompted the New York Times to run an editorial stating, “it is an essential role of the federal government — in the interest of tomorrow’s prosperity — to invest and engage in scientific and technological discovery.”

The Entrepreneurial State, and its impact in the media, was discussed at a hearing of the Senate Appropriations Committee in April 2014 when it was cited by Dr Francis S Collins, Director of the US National Institutes for Health (NIH). He said:

“But you shouldn’t just take our word for the critical role that government plays in scientific innovation. I’d like to highlight a recent book, entitled ‘The Entrepreneurial State’ by economist Mariana Mazzucato. The financial press reviewed this book rather enthusiastically, concluding that there is a strong economic case for the federal government’s role as the US economy’s indispensable entrepreneur. Interesting words!” (Full testimony)

In July 2015, Mazzucato was invited to give evidence to a US Senate Forum of the Middle-Class Prosperity Project, convened by Senator Elizabeth Warren and Congressman Elijah E. Cummings, on the theme of “Building the Economy of the Future: Why Federal Investments in Science and Innovation Matter”. In her closing statement, Senator Warren concluded:

“Dr. Mazzucato – thank you very much for reminding us that we need the right language to discuss this, and expand some of our vision of what research really means and what it means to support research – how it changes our economy and our country. I think the key message here today has been that innovation is built on federally-funded research.”

Nancy Pelosi, Democratic Minority Leader in the US Senate, has also recently discussed the state's role in funding many technologies behind the iPhone, as shown in The Entrepreneurial State. Speaking at a Democratic National Convention platform hearing, Washington D.C., on 9 June 2016, she said:

“In this smartphone, almost everything came from federal investments in research. […] They say Steve Jobs did a good idea designing it and putting it together. Federal research invented it.”

In 2015, Mazzucato was commissioned by the National Aeronautics and Space Administration (NASA) to be part of a small group studying the economic development of Low Earth Orbit (LEO) (2015). An e-book, Economic Development of Low Earth Orbit, including a chapter by Mazzucato and Douglas Robinson, Directing vs. Facilitating the Economic Development of Low Earth Orbit, was published by NASA in July 2016. (PDF)

Mazzucato has also given keynote talks to the US Department for Energy’s ARPA-E, the Inter-American Development Bank, the Information Technology and Innovation Foundation and the Atlantic Council, among others. Her work has been widely featured in the media, including an article she wrote for Foreign Affairs (December, 2015), titled The Innovative State: Governments should make markets, not just fix them and in the New York Times, Time magazine, Forbes, the LA Times, CNN and the Atlantic.

Policy Papers

Directing vs. Facilitating the Economic Development of Low Earth Orbit

Directing vs. Facilitating the Economic Development of Low Earth Orbit

Mazzucato, M. and Robinson, D. (2016) “Directing vs. Facilitating the Economic Development of Low Earth Orbit”, in The Economic Development of Low Earth Orbit, Chapter 5 in NASA.gov publication, Eds A. MacDonald, P. Besha.

US Senate Forum Written Evidence: Re-Igniting Public And Private Investments In Innovation

US Senate Forum Written Evidence: Re-Igniting Public And Private Investments In Innovation

Evidence to the US Senate Forum of the Middle-Class Prosperity Project, convened by Sen. Elizabeth Warren and Con. Elijah E. Cumming, including a discussion of pharmaceutical innovation and the key role of public R&D. PDF. Video. Background.

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Middle Class Prosperity Project Forum

Middle Class Prosperity Project Forum

Washington DC, USA – Evidence to a US Senate Forum of the Middle Class Prosperity Project “Building the Economy of the Future: Why Federal Investments in Science and Innovation Matter”, convened by US Senator Elizabeth Warren (Ranking Member of the Subcommittee on Economic Policy) and Congressman Elijah E. Cummings (Ranking Member of the House Committee on Oversight and Government Reform). Other panelists included Former House Speaker Newt Gingrich. Read more

US Senate Appropriations Committee

US Senate Appropriations Committee

The Entrepreneurial State: debunking public vs. private sector myths being discussed in a hearing of the US Senate Appropriations Committee in May 2014.