The History of the Italian Edie

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The Italian Edie became one of the most innovative organizations in Italy when it was transitioning from an agricultural economy to an industrial economy. The top Italian managers found it to be an honor to work inside Edie. Government doesn't have that ambition and ends up actually doing what we end up blaming government for, either being too slow or even worse, crowding out this word "innovative"

Economist and author Mariana Mazzucato talks about her book The Value of Everything with EconTalk host Russ Roberts. Mazzucato argues that economists have mismeasured value and have failed to appreciate the role of government as innovator. She argues for a more active role for government in the innovation process and for government to share in revenue proportional to its role in the creation of new technology.