The entrepreneurial state

The Entrepreneurial State challenges the conventional wisdom that innovation is best left to the private sector.

Mariana Mazzucato argues that the public sector has been the primary risk-taker in many significant technological innovations, from the Internet and GPS to touch-screen displays and voice recognition.

She provides case studies to show how government investments have driven economic growth and suggests policies to ensure that both the public and private sectors share the risks and rewards of innovation.

The book emphasizes the state's role in shaping and creating markets, rather than just fixing market failures.