Summary of Deirdre McCloskey & Alberto Mingardi's The Myth of the Entrepreneurial State

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#1 The entrepreneurial state has a economic theory behind it. Outside the office of Google in Mountain View, California, the public road is said to be necessary for cars to drive into Google’s parking lot.

#2 The most ardent recent partisan of statism and the entrepreneurial state is Mariana Mazzucato. She has been parachuting herself into the center of the debate about the role of state planning versus private profit-making for innovation and allocation.

#3 The opposite of liberalism is statism. The economist’s statist and Keynesian theory was expressed most influentially in the dominant elementary economics textbook of the age, by Paul Samuelson, in all of its numerous editions since 1948.

#4 Economists are mostly statists, which means they believe in the primacy of coerced behavior in laws by the State, versus voluntary behavior in markets by people. They believe that it is always COVID-19 time for anything, and that the State should regulate all sorts of private matters.

• Language: English
• Publisher: IRB Media
• Release date: May 17, 2022
• ISBN: 9798822521216

IRB Media

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Insights on Deirdre McCloskey & Alberto Mingardi's The Myth of the Entrepreneurial State

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 1

#1

The entrepreneurial state has a economic theory behind it. Outside the office of Google in Mountain View, California, the public road is said to be necessary for cars to drive into Google’s parking lot.

#2

The most ardent recent partisan of statism and the entrepreneurial state is Mariana Mazzucato. She has been parachuting herself into the center of the debate about the role of state planning versus private profit-making for innovation and allocation.

#3

The opposite of liberalism is statism. The economist’s statist and Keynesian theory was expressed most influentially in the dominant elementary economics textbook of the age, by Paul Samuelson, in all of its numerous editions since 1948.

#4

Economists are mostly statists, which means they believe in the primacy of coerced behavior in laws by the State, versus voluntary behavior in markets by people. They believe that it is always COVID-19 time for anything, and that the State should regulate all sorts of private matters.

#5

For nearly a century, most economists have assumed that it is their job to devise new policies to overcome imperfections more or less endlessly. The visible fist of the State is to rule over the invisible hand of free entry and free purchase.

#6

The State