The Role of Government in the Making of Apple's Success

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The biggest innovation came out of ARPA-E, which is the sister organization of DARPA. Steve Jobs also took those calligraphy classes, that's all really well documented there. The real question is, how could it be that a whole book on Steve Jobs, that great book by Isaac sent, turned into a movie? And then we call them bureaucratic, slow and inertial.

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.