“The book does indeed make those claims, but unfortunately they are false – and they are falsified by a key passage in the book itself, on page 26:- “top pharmaceutical companies are spending decreasing amounts of funds on R&D at the same time that the State is spending more … this is free riding.” So it is. Yet Professor Mazzucato’s solution to the problem is, paradoxically, even more government money for research.” — Review –Mariana Mazzucato, The Entrepreneurial State | Prices & Markets

The book does indeed make those claims, but unfortunately they are false – and they are falsified by a key passage in the book itself, on page 26:- “top pharmaceutical companies are spending decreasing amounts of funds on R&D at the same time that the State is spending more … this is free riding.” So it is. Yet Professor Mazzucato’s solution to the problem is, paradoxically, even more government money for research.

Mariana Mazzucato, The Entrepreneurial State | Prices & Markets.

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