Questioning the Entrepreneurial State

Status-quo, Pitfalls, and the Need for Credible Innovation Policy
1. Auflage 2022
ISBN: 978-3-030-94272-4
Verlag: Springer International Publishing

Buch, Englisch, Band 53, 367 Seiten, Format (B × H): 160 mm x 241 mm, Gewicht: 735 g

Reihe: International Studies in Entrepreneurship

The 2008 financial crisis and the COVID-19 pandemic have made the authorities to increasingly turn inward and use ethnocentrism, protectionism, and top-down approaches to guide policy on trade, competition, and industrial development. The continuing aftereffects of such policies range from the rise and seeming success of authoritarian states, rise of populist and protectionist trends, and evolving academic agendas inspiring the reemergence of top-down industrial policies across the world.

This open access edited volume contains contributions from over 30 scholars with expertise in economics, innovation, management, and economic history. The chapters offer unique theoretical and empirical contributions discussing topics such as how industrial policies affect risk, incentives, and information for investments. They also address the policy perspectives on new technologies such as AI and its implications for market entry, the role for independent entrepreneurship in increasingly regulated markets, and whether governments should focus on market interventions or institutional capacity-building.

 Questioning the Entrepreneurial State initiates a much sought-after debate on the notion of an Entrepreneurial State. It discusses the dangers of top-down approaches to industrial policy, examines lessons from such approaches for future policy design, and calls attention to the progress of open and contestable markets in a sound economy and society. 

 “Creative destruction, innovation and entrepreneurship are at the core of economic growth. The government has a clear role, to provide the basic fabric of a dynamic society, but industrial policy and state-owned companies are the boulevard of broken dreams and unrealized visions. This important message is convincingly stated in Questioning the Entrepreneurial State.”

Anders Borg, former Minister of Finance, Sweden

“Misreading the dynamism of American entrepreneurship, European intellectuals and policy makers have embraced a dangerous fantasy: catching up requires constructing an entrepreneurial state.  This book provides a vital antidote: The entrepreneur comes first: The state may support. It cannot lead.”

Amar Bhidé, Thomas Schmidheiny Professor of International Business, Tufts University

 “This important new book subjects the emergence of the entrepreneurial state, which reflects a shift in the locus of entrepreneurship from the individual to the public sector, to the scrutiny of rigorous analysis. The resulting concerns, flaws and biases inherent in the entrepreneurial state exposed are both alarming and sobering. The skill and scholarly craftsmanship brought to bear in this crucial analysis is evident throughout the book, along with the even, but ultimately consequential thinking of the authors. A must read for researchers and thought leaders in business and policy."

David Audtretsch, Distinguished Professor, Ameritech Chair of Economic Development, Indiana University

Zielgruppe

Research

Autoren/Hrsg.

Sandström, Christian

Wennberg, Karl

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Industrielle Organisation
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Betriebswirtschaft Betriebswirtschaft: Theorie & Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung
• Wirtschaftswissenschaften Betriebswirtschaft Management Forschung & Entwicklung (F&E), Innovation
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensgründung

Inhaltsverzeichnis

Part I: Introductory Chapter.- Introduction.- Part II: The Entrepreneurial State: Theoretical Perspectives.- The Entrepreneurial State and the Platform Economy.- An Effectual Analysis of Markets and States.- The Entrepreneurial State: An Ownership Competence Perspective.- Innovation Without Entrepreneurship: The Pipe Dream of Mission-Oriented Innovation Policy.- Part III: The Entrepreneurial State, Entrepreneurial Universities, and Startups.- Building Local Innovation Support Systems: Theory and Practice.- Reducing Higher Education Bureaucracy and Reclaiming the Entrepreneurial University.- Cultural Ideals in the Entrepreneurship Industry.- Evaluating Evaluations of Innovation Policy: Exploring Reliability, Methods, and Conflicts of Interest.- Do Targeted R&D Grants toward SMEs Increase Employment and Demand for High Human Capital Workers?.- Part IV: The Entrepreneurial State and Sustainability Transitions.- Third-Generation Innovation Policy: System Transformation or Reinforcing Business as Usual?.- Less from More: China Built Wind Power, but Gained Little Electricity.- The Failures of the Entrepreneurial State: Subsidies to Renewable Energies in Europe.- Directionality in Innovation Policy and the Ongoing Failure of Green Deals: Evidence from Biogas, Bio-ethanol, and Fossil-Free Steel.- Part V: From the Entrepreneurial State Towards Evidence-Based Innovation Policy.- Policy Instruments for High-Growth Enterprises.- Public-Steering and Private-Performing Sectors: Success and Failures in the Swedish Finance, Telecoms, and City Planning Sectors.- The Digital Platform Economy and the Entrepreneurial State: A European Dilemma.- Collaborative Innovation Blocs and Mission-Oriented Innovation Policy: An Ecosystem Perspective.

Über Autor(innen)

Karl Wennberg holds the Barbara Bergström Chair of Educational Leadership and Quality and is a research fellow at the House of Innovation, both at the Stockholm School of Economics (Sweden). He is one of the leading scholars on entrepreneurship in Europe, with over 60 published scholarly articles in high-ranking journals and 10 books. His research is on entrepreneurship, innovation policy, and organization theory, where public policy implication of theoretical and empirical research has been a common thread in his research. 

Christian Sandström is Senior Associate Professor of Digital Business at Jönköping International Business School (Sweden) and the Ratio Institute (Sweden). His research concerns innovation policy and the interplay between technological and institutional change.