The Importance of Mission-Oriented Innovation

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Innovation road mapping could be used to help tackle global challenges. Public and private sector actors should co-invest across the whole innovation chain, he says. "Look at what happened in the US when they did the moonshot to go to the moon and back again"

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.