Summary of Mariana Mazzucato's The Entrepreneurial State

Please note: This is a companion version & not the original book. Book Preview:

#1 The book is dedicated to dismantling the false image of the State as an inertial, bureaucratic entity. In reality, the State is the innovative force, and it is up to it to prove this to the world.

#2 The book examines the role of the State in creating innovation-led growth, and questions whether the current innovation ecosystem is a functional symbiotic one or a dysfunctional parasitic one.

#3 The State is the source of many of the most radical, revolutionary innovations that have fueled the dynamics of capitalism. And all of the technologies that make Jobs’ iPhone so smart were government funded.

#4 The State’s role in the economy requires a vision, a mission, and most of all confidence in what the State’s role is. This is why it is so important for economic theory to ignore or justify State intervention when the social return on investment is higher than the private return.

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