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

Christopher Boudreaux

Journal of Evolutionary Economics, 2022, vol. 32, issue 5, No 9, 1575-1579

Abstract: 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.

Keywords: Entrepreneurial state; Entrepreneurship; Innovation; Institutions; Missions; Policy (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s00191-022-00790-7

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