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Tilting the playing field? A discourse on state-directed innovation policy

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  • Christopher John Boudreaux

    (Florida Atlantic University)

Abstract

“Questioning the Entrepreneurial State: Status-quo, Pitfalls, and the Need for Credible Innovation Policy.” Although each chapter tackles a different question related to the entrepreneurial state, there are several underlying themes urging readers to view the entrepeneurial state with caution: (a) States cannot adequately capture and innovate upon localized and decentralized knowledge, (b) states do not punish wasted resources and reward creativity in the same way that markets do, and (c) experimentation and learning is only possible within a market system.

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  • Christopher John Boudreaux, 2022. "Tilting the playing field? A discourse on state-directed innovation policy," Journal of Evolutionary Economics, Springer, vol. 32(5), pages 1575-1579, November.
    • Handle: RePEc:spr:joevec:v:32:y:2022:i:5:d:10.1007_s00191-022-00790-7
    DOI: 10.1007/s00191-022-00790-7
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    References listed on IDEAS

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    1. Mariana Mazzucato, 2018. "Mission-oriented innovation policies: challenges and opportunities," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 803-815.
    2. David S. Lucas, 2019. "The political economy of the collaborative innovation bloc," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 331-338, December.
    3. Dixit, Avinash, 1997. "Power of Incentives in Private versus Public Organizations," American Economic Review, American Economic Association, vol. 87(2), pages 378-382, May.
    4. Schot, Johan & Steinmueller, W. Edward, 2018. "Three frames for innovation policy: R&D, systems of innovation and transformative change," Research Policy, Elsevier, vol. 47(9), pages 1554-1567.
    5. Kirzner, Israel M., 1978. "Competition and Entrepreneurship," University of Chicago Press Economics Books, University of Chicago Press, number 9780226437767, April.
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    Cited by:

    1. Magnus Henrekson & Christian Sandström & Mikael Stenkula, 2024. "Moonshots and the New Industrial Policy: Questioning the Mission Economy," International Studies in Entrepreneurship, in: Magnus Henrekson & Christian Sandström & Mikael Stenkula (ed.), Moonshots and the New Industrial Policy, pages 3-28, Springer.

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