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“We haven’t really understood the power of the state,” argues economist Mariana Mazzucato, warning that this has impacted the rising inequality in wealth creation and distribution. Mariana and Azeem Azhar discuss the role of government in innovation and business growth, risk-taking as the new mentality of bureaucracy, and how the benefits of entrepreneurial innovation have been misread. Above all, the case is made for a new theory of value in today’s economy.
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