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Discussion of Bruce Greenwald and Joseph Stiglitz, “Industrial Policies, the Creation of a Learning Society, and Economic Development”

In: The Industrial Policy Revolution I

Author

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  • Josh Lerner

    (Harvard Business School)

Abstract

This fascinating paper looks at one of the most important issues in the economics of technological change: the wedge between the social and private returns from innovation. The authors explore the implications of this important gap — often ignored in discussions of industrial policy — for the promotion of firms and technologies.

Suggested Citation

  • Josh Lerner, 2013. "Discussion of Bruce Greenwald and Joseph Stiglitz, “Industrial Policies, the Creation of a Learning Society, and Economic Development”," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 1, pages 72-76, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-33517-3_5
    DOI: 10.1057/9781137335173_5
    as

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