The Moonshot and the Future of Innovation

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The way we elect politicians should be based on the moonshots. We shouldn't be using net present value and cost benefit calculations, he says. That should be what politicians kind of argue for in order to get elected. And once elected, we should make sure that we have the right public institutions, third sector institutions collaborating with each other about how they achieve those goals.

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.