Questioning the Entrepreneurial State [electronic resource] : Status-quo, Pitfalls, and the Need for Credible Innovation Policy / edited by Karl Wennberg, Christian Sandström.

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.

Open Access

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 40 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. .