The worst economic crisis since the Great Depression has generated a fundamental re-evaluation of the free-market policies that have dominated American politics for three decades. State of Innovation brings together critical essays looking at the 'innovation industry' in the context of the current crisis. The book shows how government programs and policies have underpinned technological innovation in the US economy over the last four decades, despite the strength of 'free market' political rhetoric. The contributors provide new insights into where innovations come from and how governments can support a dynamic innovation economy as the US recovers from a profound economic crisis. State of Innovation outlines a 21st century policy paradigm that will foster cutting-edge innovation which remains accountable to the public.
“. . . An array of case studies clearly illustrating that, contrary to the dominant rhetoric of market fundamentalism, the federal government is an essential actor in the innovation system. Recommended.”
“The term ‘industrial policy’ remains a bugaboo in the United States, even though as this book documents the federal government is one of the world's most activist when it comes to industrial support. The true value of this book resides in the case narratives it presents on a range of successful and unsuccessful public programs. The book is a treasure trove of ideas on how to make the strategic collaboration between private and public work better. It is a must-read for anyone interested in the state of the U.S.
economy and its future prospects.”
—Dani Rodrik, John F. Kennedy School of Government at Harvard University
"From blockbuster pharmaceutical drugs to jet turbines to microchips, the U.S. government has directly supported some of the key technological drivers of the global economy. The reality, illuminated by this superb collection of case studies, is that America's industrial might is in no small measure a consequence of sustained state investments. State of Innovation strikes a blow against our collective amnesia and free market nostalgias."
—Ted Nordhaus and Michael Shellenberger, co-authors, Break Through: From the Death of Environmentalism to the Politics of Possibility
"Block and Keller dispel the widespread fantasy that governments merely maintain markets as playing fields. This important collection gets inside the reality and leads us toward a sophisticated understanding of market dynamics."
—Nicole Woolsey Biggart, University of California--Davis
Foreword: Peter Evans Preface Chapter 1 Introduction: Innovation and the Invisible Hand of Government Fred Block Introduction to Part I Telling the Stories: What Are The Instruments and How Have They Been Deployed in Different Parts of the Economy? Chapter 2 The Military's Hidden Hand: Examining the Dual-Use Origins of Biotechnology in the American Context, 1969-1972 Shelley L. Hurt Chapter 3 Political Structures and the Making of U.S. Biotechnology Steven P. Vallas, Daniel Lee Kleinman, and Dina Biscotti Chapter 4 To Hide or Not to Hide? The Advanced Technology Program and the Future of U.S. Civilian Technology Policy Marian Negoita Chapter 5 Green Capitalists in a Purple State: Sandia National Laboratories and the Renewable Energy Industry in New Mexico Andrew Schrank Chapter 6 The CIA's Pioneering Role in Public Venture Capital Initiatives Matthew R. Keller Chapter 7 DARPA Does Moore's Law: The Case of DARPA and Optoelectronic Interconnects Erica Fuchs Introduction to Part II. Scale, Significance, and Implications A Evaluating Impact Chapter 8 Where do Innovations Come From? Transformations in the U.S. Economy, 1970-2006 Fred Block and Matthew R. Keller Chapter 9 Failure to Deploy: Solar Photovoltaic Policy in the U.S. Chris P. Knight B The U.S. Case in Global Perspective Chapter 10 From Developmental Network State to Market Managerialism in Ireland Sean O Riain Chapter 11 China's (Not-So-Hidden) Developmental State: Becoming a Leading Nanotechnology Innovator in the 21st Century Richard P. Appelbaum, Rachel Parker, Cong Cao, and Gary Gereffi C Towards an Innovation Society Chapter 12 Everyone an Innovator John A. Alic Chapter 13 The Paradox of the Weak State Revisited: Industrial Policy, Network Governance, and Political Decentralization Josh Whitford and Andrew Schrank Chapter 14 Conclusion. Avoiding Network Failure: The Case of the National Nanotechnology Initiative Christopher Newfield