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How To Academy Podcast

Economist Mariana Mazzucato - The Entrepreneurial State and the Future of Innovation

Jan 9, 2024
Economist Mariana Mazzucato discusses the important role of governments in driving innovation and shaping the economy. Testimonials highlight the impact of her entrepreneurial state concept on policy making. They discuss working together in an entrepreneurial way, frustrations of governments losing talent, and the relevance of embracing this approach. The chapter explores the need for long-term thinking, the influence of media on perception, and the value of recognizing work done by individuals in various sectors.
01:26:27

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The state plays a crucial role in driving innovation and shaping the economy through public investment and outcomes-oriented procurement.
  • Governments need to prioritize the public good, invest in social structures and communities, and empower citizens through inclusive policies.

Deep dives

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.

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