Government - investor, risk-taker, innovator

Level: beginner
Mariana Mazzucato
Ted Talks, 2013
Perspective: Evolutionary Economics
Topic: (de)growth, markets
Format: Lecture
Duration: 00:14:05
Link: https://www.youtube.com/watch?v=3r1IPsldbBg

In this Ted Talk, Mariana Mazzucato argues against the juxtaposition of the state and entrepreneurial activities. By presenting examples of her research on the relation between innovation and (inclusive) growth, she shows how many innovations were led by states' initiatives. Mazzucato confronts the liberal narrative of the a state that merely provides the frame for the market.

Tags: government spending | growth | innovation | market-state relation | public sector | risk
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