The Myth of the Entrepreneurial State

Curso corto

Inversión: Q1875

Del 18 al 22 de septiembre del 2023
Horario: 3:30 p. m. a 6:30 p. m.

In this course, we will examine the contemporary fortune of industrial policy and the so-called “entrepreneurial state”, commonly associated with the work of economist Mariana Mazzucato. Mazzucato argues that government is the primary driver behind innovation and builds her case on historical anecdotes, mainly regarding the US economy. These anecdotes empower her narrative: unlike many European countries, the US did not claim they had an industrial policy and professed to be a market economy. But the true engine of a market economy, Mazzucato hints, is government investment. We will try to assess Mazzucato’s arguments and those of her conservative counterparts. By reading their texts, we will try to see if they master any evidence and which weight can be given to such evidence. We will also try to see to what extent these ideas resemble older fallacies in economic thinking.

Valor: 1 UMA