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Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies

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  • William Lazonick
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    Abstract

    A basic intellectual challenge for those concerned with the poverty of nations is to come to grips with the nature and causes of the wealth of the world’s wealthier nations. One might then be in a position to inform the poorer nations how they might achieve similar outcomes. This paper is organized around what is called ‘the theory of innovative enterprise’, a perspective derived from the historical and comparative study of the development of the advanced economies. [Discussion Paper No. 2008/01]

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:3167.

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    Date of creation: Nov 2010
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    Handle: RePEc:ess:wpaper:id:3167

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    Keywords: entrepreneurship; innovative enterprise; developmental state;

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    1. Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752.
    2. Robert J. Barro & Jong-Wha Lee, 2000. "International Data on Educational Attainment Updates and Implications," NBER Working Papers 7911, National Bureau of Economic Research, Inc.
    3. Marie Carpenter & William Lazonick & Mary O'Sullivan, 2003. "The stock market and innovative capability in the New Economy: the optical networking industry," Industrial and Corporate Change, Oxford University Press, vol. 12(5), pages 963-1034, October.
    4. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    5. Franco Malerba, 2005. "Innovation and the evolution of industries," KITeS Working Papers 172, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Jul 2005.
    6. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October.
    7. Malerba, Franco & Orsenigo, Luigi, 1997. "Technological Regimes and Sectoral Patterns of Innovative Activities," Industrial and Corporate Change, Oxford University Press, vol. 6(1), pages 83-117.
    8. Brusco, Sebastiano, 1982. "The Emilian Model: Productive Decentralisation and Social Integration," Cambridge Journal of Economics, Oxford University Press, vol. 6(2), pages 167-84, June.
    9. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
    10. Franco Malerba & Luigi Orsenigo, 2002. "Innovation and market structure in the dynamics of the pharmaceutical industry and biotechnology: towards a history-friendly model," Industrial and Corporate Change, Oxford University Press, vol. 11(4), pages 667-703, August.
    11. Lu, Qiwen & Lazonick, William, 2001. "The organization of innovation in a transitional economy: business and government in Chinese electronic publishing," Research Policy, Elsevier, vol. 30(1), pages 55-77, January.
    12. William Lazonick, 2007. "The US stock market and the governance of innovative enterprise ," Industrial and Corporate Change, Oxford University Press, vol. 16(6), pages 983-1035, December.
    13. Caves, Richard E, 1980. "Industrial Organization, Corporate Strategy and Structure," Journal of Economic Literature, American Economic Association, vol. 18(1), pages 64-92, March.
    14. Bugos, Glenn E., 1993. "The Cold War and American Science: The Military-Industrial-Academic Complex at MIT and Stanford. By Stuart W. Leslie. New York: Columbia University Press, 1993. Pp. xiii, 332. $42.00," The Journal of Economic History, Cambridge University Press, vol. 53(04), pages 968-969, December.
    15. Dore, Ronald & Lazonick, William & O'Sullivan, Mary, 1999. "Varieties of Capitalism in the Twentieth Century," Oxford Review of Economic Policy, Oxford University Press, vol. 15(4), pages 102-20, Winter.
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