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Innovation Policy as Creating Markets, Not Only Fixing Them: Implications for Complexity Theory

Mariana Mazzucato

in Complexity and Evolution: Toward a New Synthesis for Economics

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262035385
eISBN:
9780262337717
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262035385.003.0014
Subject:
Economics and Finance, History of Economic Thought

Successful innovation policies are those that actively create and shape markets, not only fix them. In the past this has been achieved through “mission-oriented” policies aimed not at fixing market ... More


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