IDEAS home Printed from https://ideas.repec.org/h/spr/inschp/978-3-031-49196-2_2.html
   My bibliography  Save this book chapter

State and Markets: Not Whether But How

In: Moonshots and the New Industrial Policy

Author

Listed:
  • Diane Coyle

    (Bennett Institute for Public Policy, University of Cambridge)

Abstract

The public and political demand for simple answers to complex economic problems generates its own supply. Moreover, policy narratives or “missions” can play a useful role in aligning expectations and coordinating private sector actions. However, the standard historical examples of successful missions (such as the Apollo program or the smartphone) involve nuanced and contingent interaction between the state and the market. In the current context of a revival of strategic industrial policies, governments must avoid oversimplified rhetoric that obscures the need for an analytical framework assigning policy instruments to specific identified elements of the strategy. Without such a framework, responsibility and accountability for policy delivery are impossible to allocate.

Suggested Citation

  • Diane Coyle, 2024. "State and Markets: Not Whether But How," International Studies in Entrepreneurship, in: Magnus Henrekson & Christian Sandström & Mikael Stenkula (ed.), Moonshots and the New Industrial Policy, pages 31-41, Springer.
    • Handle: RePEc:spr:inschp:978-3-031-49196-2_2
    DOI: 10.1007/978-3-031-49196-2_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:inschp:978-3-031-49196-2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.