![]() ![]() Left-wing economists often challenge the fairness of the free-market system but generally recognize its innovative capacity. Mazzucato is no exception.įrom her first book, The Entrepreneurial State (2013), to her latest, released this year, Mazzucato has consistently advocated more government involvement in the economy. As experience teaches us, those who say they want to change capitalism tend not to want capitalism at all. Yet she, too, is a visionary, her vision being described in the subtitle of her latest book, Mission Economy: A Moonshot Guide to Changing Capitalism. Mazzucato is a staunch critic of business visionaries-Steve Jobs, Bill Gates-whose success she considers “parasitic” on advances by government-funded entities. The distinction is crucial, as the case of economist Mariana Mazzucato shows. It’s common to compliment political leaders by saying that they have a vision, but the word “visionary” may refer either to someone with a constructive view of the future or to someone prone to hallucinations. ![]() Mission Economy: A Moonshot Guide to Changing Capitalism, by Mariana Mazzucato (Harper Business, 272 pp., $27) ![]()
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