Moonshots and the New Industrial Policy : : Questioning the Mission Economy.

• Superior document: International Studies in Entrepreneurship Series ; v.56
• Author: Henrekson, Magnus.
• TeilnehmendeR: Sandström, Christian.; Stenkula, Mikael.
• Place / Publishing House: Cham : : Springer,, 2024.; ©2024.
• Year of Publication: 2024
• Edition: 1st ed.
• Language: English
• Series: International Studies in Entrepreneurship Series
• Physical Description: 1 online resource (334 pages)

Table of Contents

Intro -- Preface -- Contents -- About the Editors -- Part I: Introductory Chapter -- Moonshots and the New Industrial Policy: Questioning the Mission Economy -- Introduction -- Questioning the Entrepreneurial State -- The Critique -- The Rationale Behind This Volume -- Historical and Conceptual Background to Mission-Oriented Innovation Policy -- How to Read this Volume -- Part II: Theoretical Perspectives -- Part III: Empirical Evidence -- Exaggerated Claims Regarding the Role of the State -- Three Case Studies of Failed MOIPs -- Laudatory Self-Evaluations by Government Agencies -- Main Takeaways from Parts II and III -- Part IV: Alternative Paths -- Conclusions and Future Research -- References -- Part II: Theoretical Perspectives -- State and Markets: Not Whether But How -- Introduction -- The Case for a Strategic Supply Side Policy Framework -- Mission-Oriented Policies in History -- State and Markets -- References -- Engineering Is Not Entrepreneurship -- Introduction -- Entrepreneurial Government -- Engineering and Entrepreneurship -- Profits and Progress -- Uncertainty and Entrepreneurship -- Government Monopolies -- Government Decision-Makers -- What Goals Make Good Missions? -- Mission-Oriented Democracy -- Choosing Missions -- Conclusion -- References -- A Behavioral Economics Perspective on the Entrepreneurial State and Mission-Oriented Innovation Policy -- Introduction -- Behavioral Political Economy in Innovation Policy -- What Is Behavioral Political Economy? -- Behavioral Political Economy in Innovation Policy -- Is the Mission-Oriented Entrepreneurial State Susceptible to Behavioral Biases? -- Mission Orientation as a Political Commitment -- Loss Aversion -- Picking Missions -- The Cognitively Biased Argument for the Mission-Oriented Approach -- Conclusions -- References -- Innovationism and the New Public Intellectuals.

Introduction -- Public Intellectuals -- Innovationism -- The Role of the New Public Intellectuals -- The Vanity Trap and Tedious Academia -- The Old and the New Public Intellectuals -- References -- Part III: Empirical Evidence -- Analyzing the Effectiveness of State-Guided Innovation -- Introduction -- The Debate -- Use Case Analysis -- Use Case #1: Touch Screen Technology -- Use Case #2: GPS -- Observations -- Public Sector Entrepreneurship -- Conclusion -- References -- A Case Study on DARPA: An Exemplar for Government Strategic Structuring to Foster Innovation? -- Introduction -- DARPA´s History and Construct -- Factor 1: Trust and Autonomy -- Factor 2: Small Size and Externalization of Research -- Factor 3: Limited Tenure and Urgency -- Empirical Analysis -- Conclusion -- References -- The State of the Entrepreneurial State: Empirical Evidence of Mission-Led Innovation Projects around the Globe -- Introduction -- Methods and Literature Overview of Missions -- Results -- Mission Types and Settings -- Types of Mission Deployment -- Mission Launch Date and Duration -- Governance and Actors Involved in Missions -- Leadership and Institutional Entrepreneurship in Missions -- Evaluating Missions -- Learning from a Selected Sample -- Mission Types, Risks of Failure, and Mission Capture -- Discussion -- Conclusions -- Appendix: Studies in the Literature Review -- References -- When ``What Works´´ Does Not Work: The United States´ Mission to End Homelessness -- Introduction -- A Very Brief History -- From the Linear Model to Housing First -- The Emergence of a Mission for Homelessness -- The Preconditions -- Opening Doors: The Federal Plan to Prevent and End Homelessness -- Results -- The Four Goals -- Federal Strategies Through the Period -- Federal Homelessness Funding -- Advancing Housing First -- Revisions to the Federal Mission.

A Brief Tide-Turning -- Lessons (Not) Learned -- Takeaways -- The Mirage of ``What Works´´ -- Whither State Leadership? -- Conclusion -- References -- The Cost of Missions: Lessons from Brazilian Shipbuilding -- Introduction -- From Institutions to Missions -- Mission-Oriented Policies and Industrial Innovation -- Can MOPs Really Create Markets? -- Capability-Building Costs in Catching up and Innovation -- The ``New´´ Mission Case: Policy for Innovation in the Brazilian Shipbuilding and Offshore Industry -- Routes and Direction: Setting Policy to Create the Market -- From Market Creation to Building Production and Technological Capabilities -- The Cost of a Mission-Oriented Policy: From Market Creation to Market Failure -- Concluding Remarks -- References -- You Can´t Develop What You Don´t Know: The Realities and Limitations of Foreign Aid Missions -- Introduction -- Theory -- What Is a Mission Economy? -- The Knowledge Problem -- Political Economy Problems -- Foreign Aid: Mazzucato´s Principles in Action -- Collectively Creating Value -- Market Shaping -- Building Up Government Capabilities -- Budgeting Based on the Desired Outcomes -- Pre-Distributing Risks and Rewards -- Embracing Stakeholder Value -- Open Systems and Co-Designing the Future -- Conclusion -- References -- A Public Choice Perspective on Mission-Oriented Innovation Policies and the Behavior of Government Agencies -- Introduction -- Background: Innovation Policy and Missions -- Public Choice Theory and Mission-Oriented Policies -- Public Choice and the Incentives of Government Agencies -- Method -- Data Analysis -- Results -- Empirical Background -- Evaluations of Innovation Policies in Sweden -- Examples of Critical Policy Evaluations -- How Government Agencies Use Evaluations -- Discussion -- Evaluations Are Positive but Lack Evidence.

Dependent Evaluators Are More Positive in Their Evaluations -- Evaluations Are Referred to in a Positive Manner -- Critical Evaluations Receive Little Attention -- Government Agencies as Special Interests -- Conclusions, Implications, and Future Research -- References -- Learning from Overrated Mission-Oriented Innovation Policies: Seven Takeaways -- Introduction -- Learning from Historical Missions -- Nixon´s War on Cancer -- Boosting Homeownership in the United States -- The Swedish Million Program -- Learning from Mission Failure: Seven Takeaways -- 1. Wicked Problems Cannot Be Solved Through Missions -- 2. Politicians and Government Agencies Are Not Exempt from Self-Interest -- 3. MOIPs Are Subject to Rent Seeking and Mission Capture -- 4. MOIPs Distort Competition -- 5. Policymakers Lack Information to Design MOIPs Efficiently -- 6. Government Support Distorts Incentives and Creates Moral Hazard -- 7. MOIPs Ignore Opportunity Costs -- Concluding Remarks -- References -- Part IV: Alternative Paths -- The Entrepreneurial State Cannot Deliver Without an Entrepreneurial Society -- Prologue -- The Fallacy of Hindsight -- Mazzucato Meets Schumpeter -- No Entrepreneurial State Without an Entrepreneurial Society -- Epilogue -- References -- Overcoming the Siren Song of Central Planning -- Introduction -- The Siren Song of Control -- The Power of Evolution -- Guided Versus Girded Control and Evolution -- Utopianism -- Market Failure -- How Moral Beliefs Can Defeat the Siren Song of Control -- References -- R&amp -- D Tax Incentives as an Alternative to Targeted R&amp -- D Subsidies -- Introduction -- Public Support of Private R&amp -- D -- Targeted R&amp -- D Subsidies -- R&amp -- D Tax Incentives -- The Pros and Cons of the Policy Instruments -- Empirical Research on the Efficiency of the Instruments -- Targeted R&amp -- D Subsidies -- R&amp.

D Tax Incentives -- Targeted Subsidies vs. Tax Incentives -- Theories about the Skewed Distribution of Direct R&amp -- D Subsidies -- Conclusions and Implications for Mission-Oriented Policy -- References -- Bottom-Up Policies Trump Top-Down Missions -- Introduction -- Top-Down Missions -- The Entrepreneurial Ecosystem -- A Bottom-Up Approach -- Rule of Law and Property Rights -- Taxation -- Savings and Capital Formation -- Labor Market Regulations and Social Security -- Product Market Regulations -- Insolvency Law -- R&amp -- D and Knowledge Spillovers -- Incentives for Human Capital Investment -- In Sum -- Mazzucato on the Bottom-Up Approach -- Conclusion -- References.