The Entrepreneurial State

Filename: the-entrepreneurial-state.pdf
ISBN: 9781783085217
Release Date: 2015-11-15
Number of pages: 284
Author: Mariana Mazzucato
Publisher: Anthem Press

Download and read online The Entrepreneurial State in PDF and EPUB This bestseller from leading economist Mariana Mazzucato � named by the �New Republic� as one of the �most important innovation thinkers� today � is stirring up much-needed debates worldwide about the role of the State in innovation. Debunking the myth of a laggard State at odds with a dynamic private sector, Mazzucato reveals in case study after case study that in fact the opposite situation is true, with the private sector only finding the courage to invest after the entrepreneurial State has made the high-risk investments. Case studies include examples of the State�s role in the �green revolution�, in biotech and pharmaceuticals, as well as several detailed examples from Silicon Valley. In an intensely researched chapter, she reveals that every technology that makes the iPhone so �smart� was government funded: the Internet, GPS, its touch-screen display and the voice-activated Siri. Mazzucato also controversially argues that in the history of modern capitalism the State has not only fixed market failures, but has also shaped and created markets, paving the way for new technologies and sectors that the private sector only ventures into once the initial risk has been assumed. And yet by not admitting the State�s role we are socializing only the risks, while privatizing the rewards in fewer hands. This, she argues, hurts both future innovation and equity in modern-day capitalism. Named one of the �2013 Books of the Year� by the �Financial Times� and recommended by �Forbes� in its 2013 �creative leaders� list, this book is a must-read for those interested in a refreshing and long-awaited take on the public vs. private sector debate.


The Entrepreneurial State

Filename: the-entrepreneurial-state.pdf
ISBN: 9781610396141
Release Date: 2015-10-27
Number of pages: 288
Author: Mariana Mazzucato
Publisher: Hachette UK

Download and read online The Entrepreneurial State in PDF and EPUB Companies like Google and Apple heralded the information revolution, and opened the doors for Silicon Valley to grow into an engine of dazzling technological development, that today champions the free market that engendered it against the supposedly stifling encroachment of government regulation. But is that really the case? In this sharp and controversial expose, The Entrepreneurial State, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. Instead she reveals in case study after case study that, in fact, the opposite is true: the state is our boldest and most valuable innovator. The technology revolution would never have happened without support from the US Government. The breakthroughs—GPS, touch-screen displays, the Internet, and voice-activated AI—that enabled legendary Apple products to be smart successes were, in fact, all developed with support from the state. Mazzucato reveals that many successful entrepreneurs like Steve Jobs integrated state-funded technological developments into their products and then reaped the rewards themselves. The algorithm behind Google's search engine was initially sponsored by NASA. And 75% of NMEs—new, often-ground-breaking drugs not derivative of existing substances—trace their research to National Institutes of Health (NIH) labs. The American government, it turns out, has been enormously successfully at stimulating scientific and technological advancement. But by 2009, just some months following the Great Recession—the US government, constrained by austerity measures, started disinvesting from its holdings in research fields like health, energy, electronics. The trend is likely to continue, and the repercussions of these policies could wreak havoc on our technology and science sectors. But Mazzucato remains optimistic. If managed correctly, state-sponsored development of Green technology, for instance, could be as efficacious as suburbanization & post-war reconstruction in the mid-twentieth century, and unleash a wide-spread golden age in the global economy. The limitations of natural resources and the threat of global warming could become the most powerful driver of growth, employment, and innovation within just one generation—but to be successful, the Green Revolution will depend on the initiatives of proactive governments. By not admitting the State's role in economic and technological progress, we are socializing only the risks of investing in innovation, while privatizing the rewards in the hands of only a few businesses. This, Mazzucato argues, hurts both future of innovation and equity in modern-day capitalism. For policy-makers, Silicon Valley start-up founders, venture-capitalists, and economists alike, The Entrepreneurial State stirs up much needed debate and offers up a brilliant corrective to spurious beliefs: to thrive, American businesses have always and will need to depend on the support of our country's most audacious entrepreneur, the state.


The Entrepreneurial State

Filename: the-entrepreneurial-state.pdf
ISBN: 9781783085224
Release Date: 2015-11-15
Number of pages: 284
Author: Mariana Mazzucato
Publisher: Anthem Press

Download and read online The Entrepreneurial State in PDF and EPUB This bestseller from leading economist Mariana Mazzucato – named by the ‘New Republic’ as one of the ‘most important innovation thinkers’ today – is stirring up much-needed debates worldwide about the role of the State in innovation. Debunking the myth of a laggard State at odds with a dynamic private sector, Mazzucato reveals in case study after case study that in fact the opposite situation is true, with the private sector only finding the courage to invest after the entrepreneurial State has made the high-risk investments. Case studies include examples of the State’s role in the ‘green revolution’, in biotech and pharmaceuticals, as well as several detailed examples from Silicon Valley. In an intensely researched chapter, she reveals that every technology that makes the iPhone so ‘smart’ was government funded: the Internet, GPS, its touch-screen display and the voice-activated Siri. Mazzucato also controversially argues that in the history of modern capitalism the State has not only fixed market failures, but has also shaped and created markets, paving the way for new technologies and sectors that the private sector only ventures into once the initial risk has been assumed. And yet by not admitting the State’s role we are socializing only the risks, while privatizing the rewards in fewer hands. This, she argues, hurts both future innovation and equity in modern-day capitalism. Named one of the ‘2013 Books of the Year’ by the ‘Financial Times’ and recommended by ‘Forbes’ in its 2013 ‘creative leaders’ list, this book is a must-read for those interested in a refreshing and long-awaited take on the public vs. private sector debate.


The Rise of the Entrepreneurial State

Filename: the-rise-of-the-entrepreneurial-state.pdf
ISBN: 0299118746
Release Date: 1988
Number of pages: 382
Author: Peter K. Eisinger
Publisher: Univ of Wisconsin Press

Download and read online The Rise of the Entrepreneurial State in PDF and EPUB The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies. This trend marked a decisive break from governments' traditionally small role in the affairs of private industry that defined the relationship between the public and private sector for the first half of the twentieth century. The turn to state and local government intervention signaled a change in subnational politics that, in many ways, transcended partisan politics, regional distinctions ,and racial alliances. Eisinger's meticulous research uncovers state and local governments' transition from supply-side to demand-side strategies of market creation. He shows that, instead of relying solely on the supply-side strategies of tax breaks and other incentives to encourage business relocation, some governments promoted innovation and the creation of new business approaches.


The Entrepreneurial State in China

Filename: the-entrepreneurial-state-in-china.pdf
ISBN: 9781134661749
Release Date: 2006-10-19
Number of pages: 288
Author: Jane Duckett
Publisher: Routledge

Download and read online The Entrepreneurial State in China in PDF and EPUB Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform.


The Entrepreneurial State in China

Filename: the-entrepreneurial-state-in-china.pdf
ISBN: 9781134661749
Release Date: 2006-10-19
Number of pages: 288
Author: Jane Duckett
Publisher: Routledge

Download and read online The Entrepreneurial State in China in PDF and EPUB Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform.


Capitalism with Chinese Characteristics

Filename: capitalism-with-chinese-characteristics.pdf
ISBN: 1139475134
Release Date: 2008-09-01
Number of pages: 366
Author: Yasheng Huang
Publisher: Cambridge University Press

Download and read online Capitalism with Chinese Characteristics in PDF and EPUB Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.


Startup Rising

Filename: startup-rising.pdf
ISBN: 9781137356710
Release Date: 2013-08-13
Number of pages: 256
Author: Christopher M. Schroeder
Publisher: St. Martin's Press

Download and read online Startup Rising in PDF and EPUB Despite the world's elation at the Arab Spring, shockingly little has changed politically in the Middle East; even frontliners Egypt and Tunisia continue to suffer repression, fixed elections, and bombings, while Syria descends into civil war. But in the midst of it all, a quieter revolution has begun to emerge, one that might ultimately do more to change the face of the region: entrepreneurship. As a seasoned angel investor in emerging markets, Christopher M. Schroeder was curious but skeptical about the future of investing in the Arab world. Travelling to Dubai, Cairo, Amman, Beirut, Istanbul, and even Damascus, he saw thousands of talented, successful, and intrepid entrepreneurs, all willing to face cultural, legal, and societal impediments inherent to their worlds. Equally important, he saw major private equity firms, venture capitalists, and tech companies like Google, Intel, Cisco, Yahoo, LinkedIn, and PayPal making significant bets, despite the uncertainty in the region. With Startup Rising, he marries his own observations with the predictions of these tech giants to offer a surprising and timely look at the second stealth revolution in the Middle East-one that promises to reinvent it as a center of innovation and progress.


China s Local Entrepreneurial State and New Urban Spaces

Filename: china-s-local-entrepreneurial-state-and-new-urban-spaces.pdf
ISBN: 9781137596055
Release Date: 2016-09-26
Number of pages: 238
Author: Han Zhang
Publisher: Springer

Download and read online China s Local Entrepreneurial State and New Urban Spaces in PDF and EPUB In this book, the author seeks to understand China’s urban redevelopment from the theoretical perspective of the local entrepreneurial state. China’s rapid socio-economic transformations since 1978 have been in large part attributed to China’s state transformations. The author closely investigates Ningbo’s two downtown redevelopment projects by conducting ethnographic fieldwork and documentary research. It is found that the local entrepreneurial state deploys local state enterprises to undertake strategic urban redevelopment projects, organizes high-profile city/district marketing campaigns in entrepreneurial manners, and develops corporatist intermediations with local business owners for collaborative urban governance. Yet the local entrepreneurial state is multi-layered, with the municipal and district authorities sometimes disagreeing, conflicting, and bargaining with each other. Meanwhile, the relationship between spaces and their users, as well as that between various space users, constantly changes. All these players and their interactions constitute “spatial politics”, or the story of conflicts, struggles, negotiations, and collaborations in urban governance. This work, based on six months of fieldwork, will appeal to scholars in the social sciences and experts in Asian Studies.


Innovation and the State

Filename: innovation-and-the-state.pdf
ISBN: 0300153406
Release Date: 2007
Number of pages: 262
Author:
Publisher: Yale University Press

Download and read online Innovation and the State in PDF and EPUB The 1990s brought surprising industrial development in emerging economies around the globe: firms in countries not previously known for their high-technology industries moved to the forefront in new Information Technologies (IT) by using different business models and carving out unique positions in the global IT production networks. In this book, Dan Breznitz asks why economies of different countries develop in different ways, and his answer relies on the exhaustive research of the comparative experiences of Israel, Ireland, and Taiwan - states that made different choices to nurture the growth of their IT industries. The role of the state in economic development has changed, Breznitz concludes, but it has by no means disappeared. He offers a new way of thinking about state-led rapid-innovation-based industrial development that takes into account the ways production and innovation are now conducted globally. And he offers specific guidelines to help states make advantageous decisions about research and development, relationships with foreign firms and investors, and other critical issues.


State of Innovation

Filename: state-of-innovation.pdf
ISBN: 9781317251422
Release Date: 2015-11-17
Number of pages: 368
Author: Fred L. Block
Publisher: Routledge

Download and read online State of Innovation in PDF and EPUB The worst economic crisis since the Great Depression has generated a fundamental re-evaluation of the free-market policies that have dominated American politics for three decades. State of Innovation brings together critical essays looking at the 'innovation industry' in the context of the current crisis. The book shows how government programs and policies have underpinned technological innovation in the US economy over the last four decades, despite the strength of 'free market' political rhetoric. The contributors provide new insights into where innovations come from and how governments can support a dynamic innovation economy as the US recovers from a profound economic crisis. State of Innovation outlines a 21st century policy paradigm that will foster cutting-edge innovation which remains accountable to the public.


The Future of the Professions

Filename: the-future-of-the-professions.pdf
ISBN: 9780191022418
Release Date: 2015-10-22
Number of pages: 256
Author: Richard Susskind
Publisher: OUP Oxford

Download and read online The Future of the Professions in PDF and EPUB This book predicts the decline of today's professions and describes the people and systems that will replace them. In an Internet society, according to Richard Susskind and Daniel Susskind, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others, to work as they did in the 20th century. The Future of the Professions explains how 'increasingly capable systems' - from telepresence to artificial intelligence - will bring fundamental change in the way that the 'practical expertise' of specialists is made available in society. The authors challenge the 'grand bargain' - the arrangement that grants various monopolies to today's professionals. They argue that our current professions are antiquated, opaque and no longer affordable, and that the expertise of the best is enjoyed only by a few. In their place, they propose six new models for producing and distributing expertise in society. The book raises important practical and moral questions. In an era when machines can out-perform human beings at most tasks, what are the prospects for employment, who should own and control online expertise, and what tasks should be reserved exclusively for people? Based on the authors' in-depth research of more than ten professions, and illustrated by numerous examples from each, this is the first book to assess and question the relevance of the professions in the 21st century.


Understanding the Entrepreneurial Mind

Filename: understanding-the-entrepreneurial-mind.pdf
ISBN: 1441904433
Release Date: 2009-07-30
Number of pages: 375
Author: Alan L. Carsrud
Publisher: Springer Science & Business Media

Download and read online Understanding the Entrepreneurial Mind in PDF and EPUB Interest in the functioning of the human mind can certainly be traced to Plato and Aristotle who often dealt with issues of perceptions and motivations. While the Greeks may have contemplated the human condition, the modern study of the human mind can be traced back to Sigmund Freud (1900) and the psychoanalytic movement. He began the exploration of both conscious and unconscious factors that propelled humans to engage in a variety of behaviors. While Freud’s focus may have been on repressed sexuality our focus in this volume lies elsewhere. We are concerned herein with the expression of the cognitions, motivations, passions, intentions, perceptions, and emotions associated with entrepreneurial behaviors. We are attempting in this volume to expand on the work of why entrepreneurs think d- ferently from other people (Baron, 1998, 2004). During the decade of the 1990s the eld of entrepreneurship research seemingly abandoned the study of the entrepreneur. This was the result of earlier research not being able to demonstrate some unique entrepreneurial personality, trait, or char- teristic (Brockhaus and Horwitz, 1986). It was both a naïve and simplistic search for the “holy grail” of what made entrepreneurs the way they are. However, many of the researchers in this volume have never gave up the belief that a better und- standing of the mind of the entrepreneur would give us a better understanding of the processes that lead to the creation of new ventures.


Doing Capitalism in the Innovation Economy

Filename: doing-capitalism-in-the-innovation-economy.pdf
ISBN: 9781107031258
Release Date: 2012-10-08
Number of pages: 329
Author: William H. Janeway
Publisher: Cambridge University Press

Download and read online Doing Capitalism in the Innovation Economy in PDF and EPUB A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.


The Value of Everything

Filename: the-value-of-everything.pdf
ISBN: 161039674X
Release Date: 2017-06-06
Number of pages: 320
Author: Mariana Mazzucato
Publisher:

Download and read online The Value of Everything in PDF and EPUB A work of tremendous ambition, academic rigor, and originality,The Value of Everything argues that American companies have for too long been valued according to the amount of wealth they capture for themselves rather than for the value they create for the economy. In fact, Pfizer, Amazon, and countless other companies that claim to drive innovation are actually hopelessly dependent on public money, spend their resources on boosting share prices and executive pay, and reap ever-expanding rewards without offering the market real value. Such parasitic behavior is only getting worse: leading American companies are profiting from the redistribution of wealth and knowledge without giving anything back to the communities that have made them so profitable. In her previous groundbreaking and controversial work,The Entrepreneurial State, Mariana Mazzucato argued that public investment has been the most significant driver of innovation and product development. The iPhone as it exists would not have been possible without government-sponsored technology like Siri, GPS, the Internet, and Touch ID. Yet Apple today, like numerous other technology and biotech companies, is engaging in a massive repurchase scheme, and for the first time has prioritized value-extraction practices such as spending to boost shareholder profit and lobbying to diminish the state and its tax policies—the very initiatives that funded their software. If private companies continue down this path, they will succeed in diminishing the size of their largest and most successful investor—the state—and will destroy powerful opportunities, shrivel markets, and depress wealth. The lesson here is urgent and sobering: to rescue our economy from the next, inevitable crisis and foster long-term economic growth, we will need to rethink capitalism, rethink the state rather than downsize it, and redefine how we measure value in our society.