Entrepreneurial state: The schumpeterian theory of industrial policy and the East Asian “Miracle”

Alexander Ebner
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Alexander Ebner: Goethe University Frankfurt

A chapter in Schumpeterian Perspectives on Innovation, Competition and Growth, 2009, pp 369-390 from Springer

Abstract: Abstract Current debates on the policy orientation of Schumpeterian theorizing tend to highlight industrial policy as a controversial matter that is associated with government intervention in the process of technological innovation and industrial evolution. This paper presents a distinctly Schumpeterian approach to industrial policy, which is meant to overcome some basic misunderstandings in these controversies. It highlights Schumpeter’s original position on the institutional specificity of entrepreneurship, involving the temporary exercise of industrial leadership by the state, thus underlining the contextual character of industrial policy. The corresponding Schumpeterian notion of the entrepreneurial state points to institutional modes of coordination between public and private sector that shape industrial capabilities for generating and absorbing new technologies in the process of economic development. This involves a reconsideration of crucial aspects such as political guidance and institutional learning. In examining the analytical impact of this reconstructed Schumpeterian approach, the paper addresses the ongoing debate on the institutional substance of industrial policy in the East Asian economies.

Keywords: Schumpeter; Economic development; Entrepreneurship; Industrial policy; Entrepreneurial state; East Asia (search for similar items in EconPapers)
JEL-codes: B25 B52 O25 O38 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-93777-7_20

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DOI: 10.1007/978-3-540-93777-7_20

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