How To Academy Podcast Economist Mariana Mazzucato - The Entrepreneurial State and the Future of Innovation
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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.
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State Shapes Investment Opportunities
- Public investment must do more than counter-cyclical spending; it must create expectations that attract private investment.
- Governments should design policies to shape markets and signal future profitable opportunities.
How Silicon Valley Really Grew
- Silicon Valley's success relied on a decentralized public network: DARPA, NIH, SBIR and other public programs.
- Apple commercialized many publicly funded technologies like GPS, touchscreens and Siri.
Use Outcomes Procurement And Public Metrics
- Design public procurement and finance to be outcomes-oriented and mission-driven, not just cost-focused.
- Build public value metrics and allow experimentation while holding the state accountable for results.