Storper, Michael 
ORCID: 0000-0002-8354-792X, Nicholas Ziegler, J., Botelho, Antonio Jose Junqueira and Ornston, Darius
(2022)
On Mariana Mazzucato's mission economy: a moonshot guide to changing capitalism, London, Allen Lane, 2021.
Socio-Economic Review, 20 (3).
pp. 1501-1511.
ISSN 1475-1461
Abstract
Mariana Mazzucato builds a credible case for an expanded role of government and regulation in the purposeful shaping of technological innovation and backs up her case with cogent examples. She joins this to an emerging awareness of the problems that were built into the major innovations of the third industrial revolution by the market. Those innovations, including the basic design of the Internet, we now know, have skill-biases, social biases and use and design biases. These biases were engineered into them not as optimal or efficient responses to social and market forces but as reflections of the cognitive biases of the inventor-engineer class and their financiers. This critique echoes that of even some insiders, such as Jaron Lanier (2011), who argues that the fundamental format of the computing-internet revolution is a ‘roads taken, and not taken’ story of the early days of this revolution. Subsequently, there were non-optimal forms of lock in and path dependency and sedimented power relations. The ideology of ‘disrupt it’ that comes from Silicon Valley has been shown to be a self-serving ideology that is a dangerous mix of libertarian hostility to government combined with a reverence for engineering over social compromise and for unlimited technological rents to the innovators.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2024 Society for the Advancement of Socio-Economics and Oxford University Press |
| Divisions: | Geography & Environment |
| Subjects: | H Social Sciences J Political Science H Social Sciences > HB Economic Theory |
| Date Deposited: | 02 Jul 2024 10:42 |
| Last Modified: | 02 Jul 2024 16:03 |
| URI: | http://eprints.lse.ac.uk/id/eprint/124086 |
Actions (login required)
 |
View Item |
