The Entrepreneurial State: Debunking Public Vs. Private Sector Myths

Front Cover
Anthem Press, 2014 - Diffusion of innovations - 237 pages
This book, which builds on the author's work for a high-impact DEMOS report, debunks the myth of the state as a large bureaucratic organization that can at best facilitate the creative innovation which happens in the dynamic private sector. Analysing various case studies of innovation-led growth, in particular examples from Silicon Valley - from the Internet to the technologies behind the iPhone - it describes the opposite situation, whereby the private sector only finds the courage to invest after the entrepreneurial state has made the high-risk investments. It argues that in the history of modern capitalism - and today in what might soon become the 'green' revolution - the state has not only fixed market failures but also shaped and created markets, actively investing in new technologies and sectors that private investors only later find the courage to move into.

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User Review  - Dilip-Kumar - LibraryThing

Makes the point in great detail and length that many of the most revolutionary technical and technological advances have been achieved with the active support and initiative of governments, and not by ... Read full review

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User Review  - rivkat - LibraryThing

State financing, not private investment, lays the groundwork for much valuable innovation, and pretending that it doesn’t has led to the fetishization of private business, the stripping of government ... Read full review

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