List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So.
A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.
Government acts as entrepreneur when its involvement in market activities is both innovative and characterized by entrepreneurial risk. Thinking of government as entrepreneur is a unique lens through which the authors of this book examine a specific subset of U.S. government policy actions. As such, their viewpoint underscores the purposeful intent of government, its ability to act in new and innovative ways, and its willingness to undertake policy actions that have uncertain outcomes. Viewing particular policy actions through an entrepreneurial lens is useful in two broad dimensions. First, it underscores the forward looking nature of policy makers as well as the need to evaluate the social outputs and outcomes of their behavior in terms of broad spillover impacts. Second, government acting as entrepreneur parallels in concept similar activities that occur in the private sector. Government as Entrepreneur is the first broad effort to emphasize the entrepreneurial aspects of governments. It is also the first systematic treatment of U.S. innovation policies to promote the formation of strategic research partnerships. It will foster a new perspective on the role of government and how incentives for government to act entrepreneurially might be institutionalized; it will serve as a vehicle for policy makers and scholars to think about the entrepreneurial actors in an economy, in a new way.
"The years since the financial crisis have been marked by a remarkable stability in national government which hides the impact of a new kind of issue based politics which has arisen with parties such as Podemos in Spain, Srizia in Greece, The National Front in France and UKiP in the UK, all of whom have had a significant influence in shaping the political agenda in their own countries even if they have not actually secured formal power. This is the first book to present a rigorous yet accessible analysis of this phenomenon, grounded in the theories and methods of quantitative political science but drawing on empirical insights and theory from political psychology and sociology as well to try to understand the similarities and differences in the circumstances that have lead to these parties springing up and shaping political discourse and even policy to an extent that has challenged the very existence of the traditional party system"--
Businesses have developed an increasingly sophisticated appreciation of the policy process, as well as an ability to develop complex strategies to influence it, over the last 30 years. This volume reviews current debates on the role of business in politics and it assesses emerging methodological approaches to its study.
This book demonstrates how political entrepreneurs – entrepreneurially minded citizens who launch innovative political start-ups – can drive political change. Building on unique insights, rich examples and personal stories of centrist political entrepreneurs distilled from 40 in-depth interviews, the author guides readers through key stages of political entrepreneurship, and shows how to master them. By equally highlighting successes and failures, the book reveals how political entrepreneurs actually go about producing transformative political change. In light of the populist challenge and the decline of traditional political parties, the book also offers an entertaining backstage view and first-hand insights into the successes of En Marche in France, Ciudadanos in Spain, NEOS in Austria and other centrist political startups. It provides practical advice on how to learn from and replicate their successes. Political practitioners and other politically interested readers will find a useful theory of Political Entrepreneurship – what it is, how it works, and what its role is in 21st century democracies. Most of all, they will find essential, reproducible tools and methods. “You have read a lot about startups in business, but if you want to know how Silicon Valley style startups look in politics, read this. Its author is not only writing about political entrepreneurs, he is one of them.” Ivan Krastev (Chairman of the Centre for Liberal Strategies in Sofia, and permanent Fellow at the Institute of Human Sciences in Vienna) “No one understands better what it takes to take a political start up from ideation to the parliament than Josef Lentsch. In ‘Political Entrepreneurship’ he combines first-hand experience with a thoughtful review of what we know about entrepreneurship in the interest of society.” Johanna Mair (Professor of Organization, Strategy and Leadership at the Hertie School of Governance, and Co-Director Global Innovation for Impact Lab at Stanford University) “Josef Lentsch has produced a fascinating, commanding guide to the new, insurgent players shaking up traditional party systems and reinvigorating liberal politics. Political Entrepreneurship is essential reading for anyone who wants to understand today's fragmented and disrupted European politics - and the European politics of the future.” Jeremy Cliffe (Charlemagne columnist, The Economist) "The rarest of events has occurred - a new political species has appeared in the European eco-system, the centrist political start up. From Macron's En Marche in France to Spain's Ciudadanos, a new type of political actor has emerged. Few are better positioned to tell this Europe-wide story than Josef Lentsch who has had a front-seat view on this important political transformation that is shaking Europe. A dramatic and important account." Daniel Ziblatt (Eaton Professor of Government, Harvard University and co-author of How Democracies Die)
How governments can spur growth and innovation to solve their greatest challenges—from green energy to national security to building resilient health systems. Known around the world for challenging mainstream economics, economist Mariana Mazzucato believes that “the public sector can and should be a co-creator of wealth that actively steers growth to meet its goals” (The Financial Times). In The Mission-Driven Economy, she calls on governments to create the economies we need today. Mazzucato’s challenge leads off a debate on the revival of Industrial policy—roughly defined as deliberate government action to re(shape) the economy. Industrial policy has fallen out of favor in recent decades as economists defer to free markets to produce innovation and growth. Yet today thinkers across the political spectrum have begun expressing new interest in industrial policy as a way to address the most serious problems of our times: from national security and climate change, to the market’s underfunding of public goods, to sluggish economic growth and labor market dysfunction. Together, contributors make a compelling case for industrial policy—what it is, and why we need it now. Addressing investment, innovation, supply chains, and growth, they offer a robust vision of a renewed industrial policy, and what it can offer the US economy in the face of climate change and a global pandemic.
A common narrative of the post-World War II economists was that the State is indispensable for guiding investment and fostering innovation. They claimed that the wealth of the modern world is the result of past State guidance and that what is needed for future economic growth is more State guidance. This position has recently been rejuvenated in reaction to the Great Recession of 2008. The truth is that the enriched modern economy was not a product of State coercion. It was a product of a change in political and social rhetoric in northwestern Europe from 1517 to 1789. The Great Enrichment, that is, came from human ingenuity emancipated from the bottom up, not human ingenuity directed from the top down. The true question is what on balance is the best way to organize innovation—by the “wise State” or by commercially tested betterment? The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity. The Adam Smith Institute is one of the world's leading think tanks, recognised as the best domestic and international economic policy think-tank in the UK and ranked 2nd in the world among Independent Think Tanks by the University of Pennsylvania. Independent, non-profit and non-partisan, the Adam Smith Institute works to promote free market, neoliberal ideas through research, publishing, media outreach, and education. The Institute is today at the forefront of making the case for free markets and a free society in the United Kingdom. The Institute was founded in the 1970s, as post-war socialism reached its high-watermark. Then, as now, its purpose was to educate the public about free markets and economic policy, and to inject sound ideas into the public debate.
Joblessness is the root cause of the global unrest threatening American security. Fostering entrepreneurship is the remedy. The combined weight of American diplomacy and military power cannot end unrest and extremism in the Middle East and other troubled regions of the world, Steven Koltai argues. Koltai says an alternative approach would work: investing in entrepreneurship and reaping the benefits of the jobs created through entrepreneurial startups. From 9/11 and the Arab Spring to the self-proclaimed Islamic caliphate, instability and terror breed where young people cannot find jobs. Koltai marshals evidence to show that joblessness—not religious or cultural conflict—is the root cause of the unrest that vexes American foreign policy and threatens international security. Drawing on Koltai’s stint as senior adviser for Entrepreneurship in Secretary Hillary Clinton’s State Department, and his thirty-year career as a successful entrepreneur and business executive, Peace through Entrepreneurship argues for the significant elevation of entrepreneurship in the service of foreign policy; not rural microfinance or mercantile trading but the scalable stuff of Silicon Valley and Sam Walton, generating the vast majority of new jobs in economies large and small. Peace through Entrepreneurship offers a nonmilitary, long-term solution at a time of disillusionment with Washington’s “big development” approach to unstable and underdeveloped parts of the world—and when the new normal is fear of terrorist attacks against Western targets, beheadings in Syria, and jihad. Extremism will not be resolved by a war on terror. The answer, Koltai shows, is stimulating entrepreneurial economic opportunities for the virtually limitless supply of desperate, unemployed young men and women leading lives of endless economic frustration.
