The Myth of the Entrepreneurial State by Deirdre McCloskey

Author:Deirdre McCloskey [McCloskey, Deirdre]
Language: eng
Format: epub
Publisher: American Institute for Economic Research
Published: 2020-10-15T22:00:00+00:00

143 Mazzucato, “A Mission-Oriented Approach,” p. 7.

144 Mazzucato, The Entrepreneurial State, p. 194.

145 Mazzucato, The Entrepreneurial State, p. 194.

146 Ibid., her emphasis.

147 Donald Boudreaux, “Quotation of the Day…,” Café Hayek, March 15, 2020.

148 Jeffrey Tucker, “The Last Days of the Left,” American Institute of Economic Research, December 17, 2019.

149 For which see McCloskey, The Bourgeois Virtues: Ethics for an Age of Commerce, Chicago: University of Chicago Press, 2006.

150 Mazzucato, The Entrepreneurial State, pp. 3, 87, 88, 111, 196.

151 Mariana Mazzucato and Gregor Semieniuk, “Public financing of innovation: new questions,” Oxford Review of Economic Policy, 33 (1), 2017, p. 43.

152 Mazzucato and Semieniuk, “Public financing of innovation,” p. 43.

153 Mazzucato, The Entrepreneurial State, p. 195.

154 Juicero closed down five months after a massive investment in it by Silicon Valley.

155 Gabriel Kolko, Railroads and Regulation, 1877–1916, Princeton: Princeton University Press, 1965.

156 Latin regere, from Indo-European “to keep straight.”

157 Kolko pointed out in his books that such was the point of “political capitalism;” it’s not our liberal innovism.

158 Auspices comes from Latin “observer of the flight of birds for purposes of predicting the future”—which is a good characterization of the State’s abilities in prediction.

159 She does not always, we are relieved to say, revert to the pre-liberal version of statism, in which the glory of the Prince or of the Nation was the sole justification for venturing on, say, the Third Anglo-Dutch War or Chinese high-speed rail. Though unhappily her commendation of glorious “things happening” comes close.

160 See George F. DeMartino, The Economist’s Oath: On the Need for and Content of Professional Economic Ethics, New York: Oxford University Press, 2011.

161 Smith, Wealth of Nations, II.3.36, p. 346.

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