Since the election of Ronald Reagan in 1980, American politics has
been dominated by the idea that free markets are the most effective
way to organize economic activity. Private firms, disciplined by
the competitive rigors of the market, are forced to innovate,
adapt, and become more efficient in order to outpace rivals,
continuously satisfy consumers, and meet new demands. Government,
in this view, is the problem: regulation, taxation, and policy
interventions disrupt open competition, stifle innovation, and
breed inefficiency.But the dirty secret behind the facade of the
Washington consensus is that over the last four decades, government
programs and policies have quietly become ever more central to the
American economy. From basic research to commercialization, the
fingerprints of government can be found in virtually every major
industrial success story of the late twentieth and early
twenty-first century and are central to American innovation and
recovery.This volume provides the first comprehensive account of
the depth, magnitude, and structure of the U.S. government s role
in the innovation economy. A cross-disciplinary group of authors
collectively document, theorize, and evaluate the decentralized set
of agencies, programs, and policies at the core of the
collaborative linkages between public agencies and the private
industries at the forefront of the U.S. economy. Equally important,
as the United States seeks to recover from the worst economic
crisis since the Great Depression, this volume addresses issues
critical to the construction of newly responsible, forward-looking
public policies: how can we forge an innovation policy that is at
once flexible, effective and efficient, as well as transparent and
accountable?"
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