NEW YORK UNIVERSITY SCHOOL OF PROFESSIONAL STUDIES Division of Applied Undergraduate Studies

NEW YORK UNIVERSITY

SCHOOL OF PROFESSIONAL STUDIES

Division of Applied Undergraduate Studies (DAUS)

Summer 2023

Introduction to Macroeconomics

ECON1-UC 301 050

Assignment 4

Instructions:

This homework is due by 8 am on Friday August 4. Please upload your 3-4 page paper (in .doc or .docx but not PDF format) on Brightspace.

Any emailed responses will automatically result in an F.

Please do not use any outside sources including non-academic ones (Investopedia, Wikipedia etc. You will automatically lose points if you do so.

Use your own writing (and no AI software which can be detected easily) along with in-text citations when appropriate.

Prompt:

Discuss how Mazzucato in “The Entrepreneurial State” explains the relationship between the public and private spheres. Why, according to her, has public funding and promotion of private innovation been pervasive in US history especially with respect to basic R&D? Give one example from her book.