Bubbles in Biotech: Testing the Entrepreneurial Model of Science-Based Innovation

Peter Armstrong
Additional contact information
Peter Armstrong: University of Leicester

Chapter 7 in Critique of Entrepreneurship, 2005, pp 162-202 from Palgrave Macmillan

Abstract: Abstract As industrial policy, the promotion of scientific entrepreneurship has much in common with the laissez faire economics to which it is closely related. On the assumption that UK research is already world class and of a nature capable of generating new applications and industries, the direction of industrial development is left up to the direction of the research itself, albeit as influenced by the research councils. And because this involves the abandonment of any attempt to relate industrial policy to existing skills and manufacturing capabilities, it is assumed that appropriate infrastructures will emerge in response to economic opportunity. In this vaguely-conceived vision of the future, there is no thought of adapting industrial development to existing communities; the whole will be replaced by a knowledge-driven economy.

Keywords: Stock Exchange; Press Release; Biotechnology Company; Biotechnology Industry; Select Committee (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-55495-5_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230554955

DOI: 10.1057/9780230554955_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().