Earlier this month we welcomed Professor Mariana Mazzucato to the Progress Summit stage. The event focused on innovative approaches to steer the economy and society towards an equitable and sustainable future. Professor Mazzucato drew on her recently released book, Mission Economy, to speak about how we can restructure the economy to tackle the biggest challenges of our world. Below is an excerpt from Mission Economy that delves a little deeper into the issue. For more from Professor Mazzucato on this topic, watch her session at our recent Progress Summit event.Read more
TORONTO—The Atkinson Foundation and the Broadbent Institute are pleased to be co-hosting a public lecture by award-winning economist Mariana Mazzucato in Toronto on Thursday, January 22, 2015.Read more
Mariana Mazzucato’s new book The Entrepreneurial State: Debunking Public vs. Private Sector Myths, has created some buzz: her Ted Talk has been widely shared, and the book is being discussed by the Economist, the Financial Times, and in the Globe & Mail by the Broadbent Institute’s own Andrew Jackson.
The book goes a long way towards debunking myths about private sector innovation. There is a persistent view that private entrepreneurs are the lions of the economy, fearlessly setting new directions and taking risks. Mazzucato argues that the private sector is important, but should really be viewed as a pussycat, with the state more aptly described as the lion that takes risks and drives innovation.Read more
The Entrepreneurial State: Debunking Public vs Private Sector Myths has been critically well-received in the UK by such publications as the Economist and the Financial Times and stands as a refreshing new take and counterpoint to today’s rather stale debates on the economic role of government.
On the one hand, the right celebrates private sector entrepreneurship and so-called free markets as the only sure road to prosperity. The private sector led “creative destruction” process is seen as the key source of capitalist dynamism and growth. On the other hand, progressives tend to stress the role of the state as a needed regulator of economic activity, as a Keynesian backstop to stable growth, and as a vehicle for achieving a fairer distribution of income and wealth. Proponents of a more active government role in the economy are often portrayed by the right as enemies of a successful economy.Read more