The Controversial Case for the Entrepreneurial State

In this podcast episode, economist Marianna Mazzucato discusses her groundbreaking book, 'The Entrepreneurial State,' which challenges the perception of the state as a hindrance to innovation. She argues that the state plays a crucial role in driving innovation and shaping the economy. Mazzucato emphasizes the need for governments to be active participants in creating and shaping markets, rather than just fixing market failures. She discusses examples from Silicon Valley and highlights the importance of public investment, outcomes-oriented procurement, and citizen participation in achieving inclusive and sustainable growth. Mazzucato also addresses the importance of changing the narrative around growth and creating a long-term, stable approach to policy-making that transcends political cycles.