The entrepreneurial state: debunking public vs. private sector myths

Mariana Mazzucato debunks the myth of the state as a static bureaucratic organization only needed for the 'basics' and to 'fix' market failures, leaving dynamic entrepreneurship and innovation to the private sector.

Case studies, from the Internet to the green revolution, reveal the opposite situation, whereby the private sector only invests after the entrepreneurial state has made the high-risk bold investments.