Skip to main content

The entrepreneurial state

Buy Article:

$26.27 plus tax (Refund Policy)

Abstract:

The article challenges the minimalist view of the state that is currently driving British economic policy, arguing that a far more proactive role is required if innovation-led economic growth is a priority. The case is made that the role of the government, in the most successful economies and in the periods of highest growth, has gone way beyond creating the right infrastructure and setting the rules. It has been a leading agent in achieving the type of innovative breakthroughs that allow companies (and economies) to grow – not just by creating the 'conditions' that enable innovation but by proactively creating a strategy around a new high-growth area before the potential is understood by the business community (from the internet to nanotechnology); by funding the most uncertain phase of the research that the private sector is too risk-averse to engage with; seeking and commissioning further developments; and often even overseeing the commercialisationof 'general purpose technologies'.

Keywords: ECONOMICS; GROWTH; MINIMALISM; STATE INTERVENTION; THE STATE

Document Type: Research Article

DOI: http://dx.doi.org/10.3898/136266211798411183

Publication date: November 24, 2011

More about this publication?
  • Soundings pioneers thoughtful, critical ideas on culture, society and politics. That's why leading left thinkers from Britain, Latin America, Asia, the United States and Europe debate their ideas in our pages.

    'Deeply thoughtful about the public life of politics and the intimacy of our private lives and how they interconnect. Soundings is one of the few places where you read ideas which can change your mind.' Madeleine Bunting
  • Editorial Board
  • Information for Authors
  • Subscribe to this Title
  • ingentaconnect is not responsible for the content or availability of external websites
lwish/sou/2011/00000049/00000049/art00012
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more