Discussion of Bruce Greenwald and Joseph Stiglitz, “Industrial Policies, the Creation of a Learning Society, and Economic Development”

Josh Lerner

Chapter 1.4 in The Industrial Policy Revolution I, 2013, pp 72-76 from Palgrave Macmillan

Abstract: Abstract This fascinating paper looks at one of the most important issues in the economics of technological change: the wedge between the social and private returns from innovation. The authors explore the implications of this important gap — often ignored in discussions of industrial policy — for the promotion of firms and technologies.

Keywords: Small Firm; Knowledge Spillover; Industrial Policy; Capital Expenditure; Harvard Business School (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-33517-3_5

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DOI: 10.1057/9781137335173_5

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