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.