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