The Entrepreneurial State by Mariana Mazzucato

I just finished reading this book and found it quite a compelling case for state involvement in economic growth. It argues that basic research and the funding needed to take research to markets is very risky. So risky that venture capitalists and companies are not willing to invest. Argues the state is the only actor that can consistently take on this risk and should therefore be enabled to invest in innovation and be fairly rewarded for doing so.

I know very little about Austrian economics but I would like to hear more than just one argument. My review probably won’t do her argument justice so here is a book review from somewhere else too – https://rpc.cfainstitute.org/research/financial-analysts-journal/2013/the-entrepreneurial-state#:~:text=In%20this%20trailblazing%20book%20on,technologies%20that%20have%20spurred%20economic

What are your thoughts?