Comment

Entrepreneurs or the State: Innovation Comes From Public Investment.

1
jvic9/01/2013 11:55:42 am PDT

The Slate headline:

It’s a Myth That Entrepreneurs Drive New Technology
For real innovation, thank the state.

I’ve never believed that innovation happens because Magic Free Market Whizdom, but I’m not going to believe instead that innovation happens because Magic Government Whizdom. IMHO an innovation-based economy should have niches for all levels of exploratory risk-taking, from the lone inventor to the Apollo Project. Afaik Mazzucatto is hyping a false dichotomy.