A review by lorenzobc
The Entrepreneurial State: Debunking Public vs. Private Sector Myths by Mariana Mazzucato

3.0

Mazzucato is quickly becoming on the most influential economists in the Western world with her thesis that the classical economic paradigm is inadequate for the 21st century because it fails to account for the pivotal role government funding plays in fundamental scientific research which belies the technological breakthroughs that are critical for an advanced economy to keep growing. In her book, she not only deconstructs the narrative that government funding of research and entrepreneurship is bad, but she also outlines the profound connection between government-funded science and tech entrepreneurship, including and especially Silicon Valley. In her view, we need to let go of a mechanistic understanding of the economy to embrace a more biology-centered model of the economy where the government plays a pivotal role in the evolutionary process of markets, firms, and academia. My only criticism is that I didn't feel that the book had substantially much more information than she presents in her various talks about the subject, so i'd def categorize this as one of those books that you can skip if you watch her 1h talks on YouTube.