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

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24 pages

English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#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.

Sujets

Entrepreneuriat

Employabilité, métiers et formations

Entrepreneurship

Economics

Business

Informations

Publié par	Everest Media LLC
Date de parution	25 mai 2022
Nombre de lectures	0
EAN13	9798822521216
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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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 does not withdraw its protection for the monopolies it has created. Instead, it adds to the burden on taxpayers to offset the effects of the State-created-and-enforced monopolies.

#7

transfers, which are taken out of Peter’s income and given to Paul, have no value or even negative value on their own. But they have a huge impact on government spending, as the voting middle class relies on them.

#8

Mazzucato’s writings have rejuvenated a narrative common among post-War Keynesians, of the indispensability of the State in guiding investment and in fostering innovation and correcting alleged imperfections.

#9

There are numerous conservative statists at the Niskanen Center in Washington, as well as the Claremont Institute in California. They love industrial policy, which is also loved by Trump and other right-wing populists.

#10

Some conservatives argue that America should adopt an industrial policy, while others argue that China’s industrial policy is what’s wrong with the world.

#11

Mazzucato believes we already have what we liberals want: limited government. However, she believes that the government should intervene more to achieve a mission-oriented directionality in order to foster innovation.

#12

The work of most modern economists is based on the assumption that the State can fix the market’s imperfections. However, this is a partial socialism, and by another name, partial slavery.

#13

The assumption seems to be that the economy is no more complex than are the words, graphs, and data that are commonly used to describe it. This assumption is wildly mistaken.