State of innovation

• Autores: Mariana Mazzucato
• Localización: New scientist, ISSN 0262-4079, Nº. 2931, 2013, págs. 26-27
• Idioma: inglés
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• Resumen

  • A telling 2012 article in The Economist claimed that, to be innovative, governments must "stick to the basics" such as spending on infrastructure, education and skills, leaving the rest to the revolutionary garage tinkerers. Here, Mazzucato comments that it's ideology, not evidence, that fuels this image. A quick look at the pioneering technologies of the past century points to the state, not the private sector, as the most decisive player in the game. Whether an innovation will be a success is uncertain and it can take longer than traditional banks or venture capitalists are willing to wait.