Abstract

BEDOYA-PARRA, Luz Andrea; SANCHEZ-MAYORGA, Ximena  and  MEJIA SOTO, Eutimio. Mariana Mazzucato's Entrepreneurial State. Fact and fiction. Entramado [online]. 2024, vol.20, n.1, pp.1-.  Epub May 07, 2024. ISSN 1900-3803.  https://doi.org/10.18041/1900-3803/entramado.1.10107.

Mariana Mazzucato proposes a world economy driven by an entrepreneurial State that does not limit itself to correcting market failures. Instead, she proposes that its role should be innovative and risk-taking to become a creditor and share in the benefits generated by the different activities it promotes. He considers the redistribution of wealth necessary even the predistribution of wealth, a controversial proposal because assigning to society resources that have not been generated would lead to the assumption that these would come from more taxes or a higher level of indebtedness affecting future generations. The purpose of this article is to address the author's considerations of the State's role, as well as the main criticisms and points of view on its intervention, including the free market. It is based on a review of the texts The Entrepreneurial State, Mission Economy The Value of Things, and Let us not waste this crisis, in which Mazzucato repeatedly and even repetitively highlights the vital role played by the figure of the government in the success of companies such as Apple and Tesla, as well as in the trip to the moon, the pharmaceutical industry and nanotechnology. He also considers climate change and a new Green Pact to be significant challenges of the present generation; however, his postulates are not far from the growth objective of the traditional economy and neither is his perception of sustainability based on a business conception and not from an ecological vision. Confidence in the role of the State as an intervener in the economy is presented as an alternative to the optimistic vision of the market as an efficient allocator of resources for the economy

Keywords : Growth; entrepreneurial State; innovation; interventionism; green pact.

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