000			04921nam a22001817a 4500
999			_c49297 _d49297
008			180605b xxu||||| |||| 00| 0 eng d
020			_a9780141986104
082			_a338.9 _bMAZ
100			_aMazzucato, Mariana _959916
245			_aEntrepreneurial state : debunking public vs. private sector myths
260			_aGreat Britain _bPenguin books _c2018
300			_axxvi,260p.
505			_aContents List of Tables and Figures xi List of Acronyms xiii Acknowledgements xvii Foreword to 2018 Edition: Rediscovering Public Wealth Creation xxi Introduction : Thinking Big Again 1 A Discursive Battle 2 Thinking Big 4 Creating Markets Not Only Fixing Them 5 Evaluating Public Policies 8 Build ing Dynamic Public Organizations 10 Risks and Rewards 11 Secular Stagnation Is Not Inevitable 14 A New Language and Rhetoric 15 Structure of the Book 16 Chapter 1 : From Crisis Ideology to the Division of Innovative Labour 21 And in the Eurozone 23 State Picking Winners vs. Losers Picking the State 25 Beyond Market Failures 27 The Bumpy Risk Landscape 29 Symbiotic vs. Parasitic Innovation 'Ecosystems' 30 Financialization 32 Chapter 2 : Technology, Innovation and Growth 35 Technology and Growth 39 Evolutionary Economics and Systems of lnnovation 41 Beyond System Failures 45 Myths about Drivers of Innovation and Ineffective Innovation Policy 48 Myth 1 : Innovation is about R&D 51 Myth 2 : Small is beautiful 52 Myth 3 : Venture capital is risk-loving 54 Myth 4 : We live in a knowledge economy – just look at all the patents! 57 Myth 5 : Europe’s problem is all about commercialization 59 Myth 6 : Business investment requires ‘less tax and red tape’ 61 Chapter 3 : Risk-Taking State : From ‘De-risking’ to ‘Bring It On!’ 63 What Type of Risk? 64 State Leading in Radical (Risky) Innovation 68 Pharmaceuticals : Redical vs 'Me Too’ Drugs 70 Biotechnology : Public Leader, Private Laggard 73 The National Institutes of Health: Creating the Wave vs. Surfing It 75 Chapter 4 : The US Entrepreneurial State 79 The Defense Advanced Research projects, Agency (DARPA) 80 The Small Business Innovation Research (SBIR) Programme 85 Orphan Drugs The National Nanotechnology Initiative 90 Chapter 5 : The State behind the iPhone 93 The 'State' of Apple Innovation 94 Surfing through the waves of Technological Advancements 99 From Apple I to the iPad: The State's very visible hand 100 How State-funded research made possible Apple’s 'invention’ of the iPod 102 Giant magnetoresistance (GMR), SPINTRON!CS programme and hard disk drives 102 Solid-state chemistry and silicon-based semiconductor devices 104 From capacitive sensing to click-wheels 106 The Birth of the iPod'' Siblings The iPhone and iPad 108 From click-wheels to multi-touch screens 109 Internet and HTTP/HTML 110 GPS and SIRI 111 Battery,display and other technologies 113 Did the US Government 'Pick' the iPod? 116 Fostering an Indigenous, Sector 116 Chapter 6 : Pushing vs. Nudging the Green Industrial Revolution 121 Funding a Green Idustrial Revolution 125 National Appeoache. to Geeen Economic Development 128 China's 'green' 5-year plan 131 UK's start-stop approach to green initiatives 133 United States: An ambiguous approach to green technologies 135 Pros and cons of the US model 136 Pushing-Not Stalling-Geeen Development 146 The Importance of Patient Capital : Public Finance and State Development Banks 148 Chapter 7 : Wind and Solar Power: Government Success Stories and Technology in Crisis 153 Wind and Solar Power: Growth Powered by Crisis 154 From the First 'Wind Rush' to the Rise of China's Wind Power Sector 157 Solar Power Companies and the Origin of Their Technologies 162 Solar Bankruptcies : Where There's a Will There's a way 166 Competition, Innovation and Market Size (Who's Complaining?) 169 Conclusion: Clean Technology in Crisis 171 Myth 1: It's all about R&D 172 Myth 2: Small is beautiful 173 Myth 3: Venture capital is risk-loving 175 Building a green innovation ecosystem (symbiotic not parasitic) 176 Chapter 8 : Risks and Rewards: From Rotten Apples to Symbiotic not Ecosystems 179 Back to Apple : What Did the US Government Get Back for Its Investments? 181 Apple's job-creation myth: Not all jobs are created equally 183 Apple's love-hate relationship with US tax policies 186 The paradox of miracles in the digital economy : Why does corporate success result in regional economic misery? 190 Where Are Today's Bell Labs? 192 Chapter 9 : Socialization of Risk and Privatization of Rewards : Can the Entrepreneurial State Eat Its Cake Too? 195 The Skewed Reality of Risk and Reward 195 A New Framework199 Direct or Indirect Returns 201 Chapter 10 : Conclusion 207 Appendix 215 Bibliography 217 Index 243
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