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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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.
Decimated State Capacity Harms Innovation
- The state often loses capacity through outsourcing and a narrow remit to 'be business-friendly.'
- Rebuilding in-house capabilities is essential for an entrepreneurial public sector.
Replace GDP With A Dashboard
- Growth must be redefined: GDP is a poor single metric that miscounts unpaid and destructive activity.
- Use a dashboard of measures, including SDGs, to guide mission-oriented policy.