The Entrepreneurial State
Debunking Public vs. Private Sector Myths
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Narrated by:
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Callie Beaulieu
About this listen
The world's most popular products, from the iPhone to Google Search, were funded not by private companies, but the taxpayer.
In this sharp and controversial international best seller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: The state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation. The repercussions could stunt economic growth and increase inequality. Mazzucato teaches us how to reverse this trend before it is too late.
©2015 Mariana Mazzucato; foreward copyright 2018 by Mariana Mazzucato (P)2019 TantorListeners also enjoyed...
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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The Impulse Society
- America in the Age of Instant Gratification
- By: Paul Roberts
- Narrated by: Edoardo Ballerini
- Length: 9 hrs and 39 mins
- Unabridged
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Paul Robert digs down to the economic roots of the problem, shows how it has metastisized to affect every facet of our lives and our ability to navigate the future. In clear, cogent prose that mixes illuminating analysis and vibrant reporting, Roberts not only tells the fascinating story of how the impulse society came to be, but shows how, perhaps, a healthier society may still be possible.
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A Must-Listen for Millenials
- By Doug - Audible on 03-31-15
By: Paul Roberts
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Postcapitalism
- A Guide to Our Future
- By: Paul Mason
- Narrated by: Gildart Jackson
- Length: 13 hrs and 42 mins
- Unabridged
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
By: Paul Mason
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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The Zero Marginal Cost Society
- The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism
- By: Jeremy Rifkin
- Narrated by: David Cochran Heath
- Length: 14 hrs and 15 mins
- Unabridged
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In this provocative new book, Rifkin argues that the coming together of the Communication Internet with the fledgling Energy Internet and Logistics Internet in a seamless twenty-first-century intelligent infrastructure—the Internet of Things—is boosting productivity to the point where the marginal cost of producing many goods and services is nearly zero, making them essentially free.
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Not a convincing argument-just stories & ideology
- By Pierre Parent on 07-26-17
By: Jeremy Rifkin
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Competition Demystified
- A Radically Simplified Approach to Business Strategy
- By: Judd Kahn, Bruce C. Greenwald
- Narrated by: Timothy Andrés Pabon
- Length: 14 hrs and 22 mins
- Unabridged
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Bruce Greenwald, one of the nation's leading business professors, presents a new and simplified approach to strategy that cuts through much of the fog that has surrounded the subject. Based on his hugely popular course at Columbia Business School, Greenwald and his co-author, Judd Kahn, offer an easy-to-follow method for understanding the competitive structure of your industry and developing an appropriate strategy for your specific position.
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Prof, we need the figures/graphs that’s in the the book
- By sid on 12-25-20
By: Judd Kahn, and others
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Building the New American Economy
- Smart, Fair, and Sustainable
- By: Jeffrey D. Sachs, Bernie Sanders - foreward
- Narrated by: Rudy Sanda
- Length: 4 hrs and 13 mins
- Unabridged
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With a nation seemingly more divided than ever, many worry that Americans risk losing ground on solving the complex, interrelated problems the country faces - including rising inequality, the specter of climate change, astronomical health care costs, and economic stagnation. The renowned economist Jeffrey D. Sachs offers a practical approach to move America toward a new consensus: sustainable development.
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If only....
- By Baboo TH on 01-24-18
By: Jeffrey D. Sachs, and others
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
By: Dambisa Moyo, and others
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What to Do When Machines Do Everything
- How to Get Ahead in a World of AI, Algorithms, Bots, and Big Data
- By: Malcolm Frank, Paul Roehrig, Ben Pring
- Narrated by: Eric Jason Martin
- Length: 7 hrs and 28 mins
- Unabridged
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What to Do When Machines Do Everything is a guidebook to succeeding in the next generation of the digital economy. When systems running on artificial intelligence can drive our cars, diagnose medical patients, and manage our finances more effectively than humans, it raises profound questions on the future of work and how companies compete.
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Assumes that machine learning will grow very slow
- By Nathan Burnham on 05-06-17
By: Malcolm Frank, and others
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Windfall
- How the New Energy Abundance Upends Global Politics and Strengthens America's Power
- By: Meghan L. O'Sullivan
- Narrated by: Eliza Foss
- Length: 13 hrs and 34 mins
- Unabridged
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As a new administration focuses on raising American energy production, O'Sullivan's Windfall describes how new energy realities have profoundly affected the world of international relations and security. New technologies led to oversupplied oil markets and an emerging natural gas glut. This did more than drive down prices. It changed the structure of markets and altered the way many countries wield power and influence.
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A super-sized editorial
- By Easycfp on 10-05-18
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The Value of Everything argues that American companies have for too long been valued according to the amount of wealth they capture for themselves rather than for the value they create for the economy. In fact, Pfizer, Amazon, and other companies are actually dependent on public money, spend their resources on boosting share prices and executive pay, and reap ever-expanding rewards without offering the market value.
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Unlistenable
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Why the bureaucrat class must be kept away from the years of power at all costs
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There is an entrenched relationship between the consulting industry and the way business and government are managed today that must change. Mariana Mazzucato and Rosie Collington show that our economies’ reliance on companies such as McKinsey & Company, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG, and EY stunts innovation, obfuscates corporate and political accountability, and impedes our collective mission of halting climate breakdown. Mazzucato and Collington argue for building a new system in which public and private sectors work innovatively for the common good.
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Cohesive argument with actionable insights.
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Listen for Nixon's Sake
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audio is not The best format for a book like this
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Great job!
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Unlistenable
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Mission Economy looks at the challenges facing us in a radically new way. Global warming, pollution, dementia, obesity, gun violence, mobility—these environmental, health, and social dilemmas are huge, complex, and have no simple solutions. Mariana Mazzucato argues we need to think bigger and mobilize our resources in a way that is as bold as inspirational as the moon landing—this time to the most "wicked" social problems of our time. We can only begin to find answers if we fundamentally restructure capitalism to make it inclusive, sustainable, and driven by innovation.
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There is an entrenched relationship between the consulting industry and the way business and government are managed today that must change. Mariana Mazzucato and Rosie Collington show that our economies’ reliance on companies such as McKinsey & Company, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG, and EY stunts innovation, obfuscates corporate and political accountability, and impedes our collective mission of halting climate breakdown. Mazzucato and Collington argue for building a new system in which public and private sectors work innovatively for the common good.
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Cohesive argument with actionable insights.
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audio is not The best format for a book like this
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Great job!
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What listeners say about The Entrepreneurial State
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- John Simon
- 07-26-19
Required Reading...
This should be required reading for any conscious Citizen, as it proof of how the State influences innovation and provides the undergirding foundations of Capitalism. Now, we simply need to reapply the rigors of state innovation and embrace socially responsible and sustainable capitalism that thrives on inclusive invention.
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- isaac borowiec
- 12-15-22
Very insightful and interesting
Details about how state funding of innovation should be done in there that I couldn’t find anywhere else. Very helpful.
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- Anonymous User
- 03-27-23
It’s pronounced “nuclear”, not “nucular”
A good work that helps illuminate the necessary and ever evolving relationship between private and public capital allocations, risk alignment, and implementation of shared goals fairly. The one thing that drove me nuts throughout the whole reading was the performers inability to correctly pronounce “nuclear”.
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- Andrés Contreras
- 01-18-24
Insightful thesis, but could have been an essay.
While a very insightful and detailed thesis is put forward by a brilliant economist, this whole book could have been a third of its length and still conveyed thoroughly its main idea and all the supporting facts needed.
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- Carl A. Gallozzi
- 12-12-20
Myth Breaker-a new model for innovation
"Read" via Audio Book.
Interesting packaging of important theories of 'value creation' - who does what and who gets what (share of profits generated by a new electronic product (iPAD) as an example produced by a company utilizing a New Economic Business Model.
Mariana Mazzucato's basic thesis involves DeToxification of the various (self-serving) Private Sector Myths which relegate Government to an administrative or correcting market failure function - which does not recognize what a properly organized Government has done and yet could do.
Mariana uses several models to support her thesis - the basic one being Apple - in a nutshell although Jobs/Apple were indeed brilliant 'systems integrators' - the basic elements of iPADs, iPODS, iPhones - digital screen, micro disks, internet, gps were based upon discoveries funded by (D)Arpa, Xerox Parc and others labs from the U.S. Government. Apple licensed/appropriated these technologies; improved them; and performed system integration on these and other technologies - and created the market for personal electronic devices.
Apple licensed/appropriate these technologies but paid the U.S. Government only a modest amount if any amount.
Mariana discusses the work necessary to create a system wide demand and system wide supply of Green Environment Product (Photo-Voltaic cells; Wind Turbines and etc). This is a market and eco system that needs assistance as the IT market did before the Internet reached critical demand and supply 'mass'.
Another example is the Solyndra versus Tesla grants from ARPA-E. Solyndra went backrupt but Tesla thrived. Solyndra was the poster child for the Right Wing to beat Obama to death about his incompetence - however viewed from a portfolio perspective these investments yielded positive results in both a technology and market laced with uncertainty. Tesla has profited. Tesla received loans and grants - but the United States Government took no interest in the Company - wasn't paid back.
Mazzucato - believes the government has a role to play in systemic development of a wide spread innovation system - where the Government acts as a portfolio manager - with patient, long-term capital - for this they need to receive some of the upside when a company the Government invests in 'makes it' - for example they should take x% of the business as a fee.
Mazzucato details the significantly reduced levels of R&D ongoing within the United States versus China and others.
Mazzucato's thesis deserves wider discussion and modification before any possible implementation - but I feel it's "going the right way".
However as I write this I'm not hopeful that any such 'sea change' in the role of Government will be forthcoming in the near future in the U.S. Unless the United States becomes more aware of and competitive (in our mechanics - savings rate - technical education level of our people) with China - I'm not sure where all this 'ends up'. Unless there is some change -we'll run Fiscal and Trade Deficits as far as the eye can see.
An interesting theory - worth reading alone for the discussion about the creation of economic value (as in where is the economic value of an iPAD is created) - versus where a product is produced (iPAD in China) - and where the product is taxed (Apple has Utah, Ireland and British Virgin Islands Tax Subsidiaries). This legally allows Apple and others to avail themselves of U.S. Government technologies, paying little or nothing for them; and then limit the amount of U.S. Federal Income Tax they pay the entity that supplies some of their baseline technology. This, clearly is unsustainable - but cheered on by the 'free marketeers' - disciples of Milton Freedman - and Grover (Starve the Beast) Nordquist.
Should be of interest to those who read about technology and economics.
Carl Gallozzi
Cgallozzi@comcast.net
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- Anonymous User
- 03-26-21
Grossly Propogandist
The title says it, the book is filled with statements of an almost bullying nature to call out doubters. If you need to put that it your work, your work doesn’t speak for itself. Throughout, examples are used to support what I can only call a hypothesis, being theres nothing provided backing it up. If I were a teacher and this was a thesis, Mariana would have failed. Hope this helps someone else
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2 people found this helpful