Prof. Mazzucato - The Entrepreneurial State: Who made your phone smart?
Have you ever wondered why Apple, Google and Amazon all come from the US? We are often told that it is the power of the free market that made the US more competitive and that the slow nature of the public sector is impeding growth in Europe. Nonetheless, Professor Mazzucato believes that the secret behind Silicon Valley is not so much the ‘garage tinkerers’ and venture capital industry but the mission-oriented PUBLIC sector institutions that invested in the high-risk areas across the entire innovation chain. In a crisis-ridden Europe, still debating austerity, we must learn these lessons.
• What should Europe’s new ‘missions’ be?
• How can public sector agencies ‘think big’ and take risks rather than just ‘de-risk’ the private sector?
• And how can ‘smart’ growth become more ‘inclusive’ growth?
Professor Mazzucato is Professor in the Economics of Innovation at the University of Sussex. She is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans Matthöfer German book prize and in 2013 the New Republic called her one of the '3 most important thinkers about innovation.’ Her popular TED talk has over 750,000 views.
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