The Rise of the Entrepreneurial State

The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies.

Author: Peter K. Eisinger

Publisher: Univ of Wisconsin Press

ISBN: 0299118746

Category: Political Science

Page: 382

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The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies. This trend marked a decisive break from governments' traditionally small role in the affairs of private industry that defined the relationship between the public and private sector for the first half of the twentieth century. The turn to state and local government intervention signaled a change in subnational politics that, in many ways, transcended partisan politics, regional distinctions ,and racial alliances. Eisinger's meticulous research uncovers state and local governments' transition from supply-side to demand-side strategies of market creation. He shows that, instead of relying solely on the supply-side strategies of tax breaks and other incentives to encourage business relocation, some governments promoted innovation and the creation of new business approaches.
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The Entrepreneurial State

It is useful for understanding the rise and fall of different economic powers in history. For example, it explains the rise of Germany as a major economic power in the nineteenth century, as a result of State-fostered technological ...

Author: Mariana Mazzucato

Publisher: Penguin UK

ISBN: 9780241305591

Category: Political Science

Page: 288

View: 766

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From one of the world's leading economists, a bestselling expose of the state's crucial role in sparking innovation and growth-and the dangers of ignoring this truth Conventional wisdom holds that innovation is the preserve of the private sector, best left in the hands of that modern day folk hero-the lone entrepreneur. In this popular tale, the role of the public sector is simply to get out of the way, at best fixing market failures, in order to facilitate our daring hero's bold, risk-taking endeavours. But what if this powerful, contemporary myth is wrong? In this sharp and controversial expose, Mariana Mazzucato comprehensively debunks the myth of a lumbering, bureaucratic state weighing down a dynamic private sector, to reveal how public investments have been behind many of the greatest innovations of our time. From the technologies that make the iPhone 'smart', to biotech, pharmaceuticals and today's emerging green technologies, it is the state that has been the investor of first resort, our boldest and most valuable innovator. Meanwhile, the private sector only finds the courage to invest after the entrepreneurial state has made the truly pioneering, high-risk investments. This false narrative has real world consequences - a select few get credit for what is an intensely collective effort, privatising rewards reaped from socialized risks. Mazzucato makes a powerful case that a failure to understand the state's entrepreneurial role is leading us down the wrong path-towards a future of stagnant growth and increased inequality. As we face the new challenges of the twenty-first century, Mazzucato argues that we need to reinvent the entrepreneurial state, to co-create the opportunities of the future -- and the kinds of public-private deals that will allow smart, innovation-led growth to also be more inclusive growth.
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The Myth of the Entrepreneurial State

Business is to Increase its Profits. ... “Efflorescences and Economic Growth in World History: Rethinking the 'Rise of the West' and the Industrial Revolution,” Journal ... The Errors of Socialism THE MYTH OF THE ENTREPRENEURIAL STATE 226.

Author: Deirdre Nansen McCloskey

Publisher: American Institute for Economic Research

ISBN: 9781630692094

Category: Business & Economics

Page: 317

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A common narrative of the post-World War II economists was that the State is indispensable for guiding investment and fostering innovation. They claimed that the wealth of the modern world is the result of past State guidance and that what is needed for future economic growth is more State guidance. This position has recently been rejuvenated in reaction to the Great Recession of 2008. The truth is that the enriched modern economy was not a product of State coercion. It was a product of a change in political and social rhetoric in northwestern Europe from 1517 to 1789. The Great Enrichment, that is, came from human ingenuity emancipated from the bottom up, not human ingenuity directed from the top down. The true question is what on balance is the best way to organize innovation—by the “wise State” or by commercially tested betterment? The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity. The Adam Smith Institute is one of the world's leading think tanks, recognised as the best domestic and international economic policy think-tank in the UK and ranked 2nd in the world among Independent Think Tanks by the University of Pennsylvania. Independent, non-profit and non-partisan, the Adam Smith Institute works to promote free market, neoliberal ideas through research, publishing, media outreach, and education. The Institute is today at the forefront of making the case for free markets and a free society in the United Kingdom. The Institute was founded in the 1970s, as post-war socialism reached its high-watermark. Then, as now, its purpose was to educate the public about free markets and economic policy, and to inject sound ideas into the public debate.
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Handbook of Economic Development

The Rise of the Entrepreneurial State : State and Local Development in the United States , University of Wisconsin Press , Madison , Wisconsin . Fulton , W. ( 1996 ) . " The Business of Bringing in Business , " Governing , October : 92 ...

Author: Kuo-Tsai Liou

Publisher: CRC Press

ISBN: 082470181X

Category: Political Science

Page: 768

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Featuring over 1900 references, drawings, and tables and drawing on disciplines as diverse as political economics, public management, and urban affairs, this versatile text offers comprehensive information on major policy and managerial issues important to local and national economic development. Pulling together the work of over 40 researchers, the book examines the role of government in economic advances and reform, provides a complete, up-to-date survey of the literature on local and national economic development, details local and regional economic progress in the US, adopts an innovative interdisciplinary approach to the study of economic expansion, and more.
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The Entrepreneurial State in China

... workersin public housing were compensated for the rise with asubsidy calculated attwo per centoftheir wages. ... systemreform programmes were encouraged nationally byaState Council document that directed provinciallevel cities, ...

Author: Jane Duckett

Publisher: Routledge

ISBN: 9781134661749

Category: Social Science

Page: 288

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Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform.
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The Entrepreneurial Intellectual in the Corporate University

Eisinger's work on The Rise of the Entrepreneurial State documents how even the most self-proclaimed laissize-faire governments are in fact deeply involved in promoting economic development through tax expenditures and tax abatements, ...

Author: Clyde W. Barrow

Publisher: Springer

ISBN: 9783319630526

Category: Education

Page: 104

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This book presents a critical analysis of the corporate university. The author's personal narrative unfolds between the reality of the corporate university and the rhetoric of the entrepreneurial university, which allows the author to reveal how the corporate university is structurally antagonistic to the activities of entrepreneurial intellectuals. The book not only explores the internal contradictions of the corporate university, but the complicity of its bureaucratized intellectuals in reproducing the iron cage of bureaucracy. Drawing on the legacy of Pierre-Joseph Proudhon, Barrow argues that entrepreneurial intellectuals, whether as individuals or in small groups, must take direct action to improve their own conditions by steering a tenuous course between the market and the state.
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Losing Time

Thornburgh quoted in Peter K. Eisinger , " The Rise of the Entrepreneurial State in Economic Development " ( Discussion paper , A. Alfred Taubman Center , Brown University ) , p . 1 . 56. Eisinger , Rise of the Entrepreneurial State ...

Author: Otis Graham

Publisher: Harvard University Press

ISBN: 0674539354

Category: Business & Economics

Page: 384

View: 809

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Industrial policy reform, Otis Graham argues, is an important part of a public-private set of remedies, but it hinges upon an improved use of policy history and of historical perspective generally. He proposes an explicit if minimalist approach by the federal government that would unify and reform our de facto industrial policies in order to equip the United States with the institutional capacity to formulate industrial interventions guided by strategic vision and bipartisan participation by labor and management.
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Competing for Capital

Peter K. Eisinger , The Rise of the Entrepreneurial State : State and Local Economic Development Policy in the United States ( Madison : University of Wisconsin Press , 1988 ) , especially Chapter 6 . 46. David B. Robertson and Dennis ...

Author: Kenneth P. Thomas

Publisher: Georgetown University Press

ISBN: 1589018397

Category: Political Science

Page: 352

View: 309

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As corporations search for new production sites, governments compete furiously using location subsidies and tax incentives to lure them. Yet underwriting big business can have its costs: reduction in economic efficiency, shifting of tax burdens, worsening of economic inequalities, or environmental degradation. Competing for Capital is one of the first books to analyze competition for investment in order to suggest ways of controlling the effects of capital mobility. Comparing the European Union's strict regulation of state aid to business with the virtually unregulated investment competition in the United States and Canada, Kenneth P. Thomas documents Europe's relative success in controlling—and decreasing—subsidies to business, even while they rise in the United States. Thomas provides an extensive history of the powers granted to the EU's governing European Commission for controlling subsidies and draws on data to show that those efforts are paying off. In reviewing trends in North America, he offers the first comprehensive estimate of U.S. subsidies to business at all levels to show that the United States is a much higher subsidizer than it portrays itself as being. Thomas then suggests what we might learn from the European experience to control the effects of capital mobility—not only within or between states, but also globally, within NAFTA and the World Trade Organization as well. He concludes with policy recommendations to help promote international cooperation and cross-fertilization of ways to control competition for investment.
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MIT and the Rise of Entrepreneurial Science

The Rise of the Entrepreneurial State: State and Local Economic Development Policy in the United States. Madison: University of Wisconsin Press. 2 MIT: THE FOUNDING OF AN ENTREPRENEURIAL UNIVERSITY 1 Rogers,

Author: Henry Etzkowitz

Publisher: Routledge

ISBN: 9781134495634

Category: Business & Economics

Page: 192

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MIT and the Rise of Entrepreneurial Science is a timely and authoritative book that analyses the transformation of the university's role in society as an expanded one involving economic and social development as well as teaching and research. The Massachusetts Institute of Technology invented the format for university-industry relations that has been copied all over America and latterly the rest of the world. This excellent book shows that the ground-breaking university-industry-government interactions have become one of the foundations of modern successful economies.
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The Entrepreneurship Movement and the University

Dan Berglund and Christopher Coburn, Partnerships: A Compendium of State and Federal Cooperative Technology Programs (Columbus, OH: Battelle Press, 1995); Peter K. Eisinger, The Rise of the Entrepreneurial State: State and Local ...

Author: C. Sá

Publisher: Springer

ISBN: 9781137401014

Category: Business & Economics

Page: 152

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Entrepreneurship is widely embraced today in political discourse, popular culture, and economic policy prescriptions. Several groups actively promote entrepreneurial thinking and practices in higher education. This book examines how this 'Entrepreneurship Movement' impacts higher education in Canada and the United States.
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State Government and Economic Performance

Peter Eisinger , The Rise of the Entrepreneurial State ( Madison : University of Wisconsin Press , 1988 ) . 45. R. Scott Fosler , ed . , The New Economic Role of American States ( New York : Oxford University Press , 1988 ) , 3 . 46.

Author: Paul Brace

Publisher: JHU Press

ISBN: 0801849713

Category: Business & Economics

Page: 152

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Despite abundant conjecture in the scholarly community, and heated rhetoric in state capitols throughout the land, there is remarkably little evidence that state governments can have any effect at all on the economic performance of their states. Working from a broadened historical perspective, and employing political and economic analysis, Paul Brace places the states and their economies in a more understandable light in State Government and Economic Performance. Over time the states have manifested differing degrees of economic activism with notable success. For much of the twentieth century, the dominance of the federal government and the extensive reach of the national economy overwhelmed state-level economic efforts. By the end of the 1970s, however, states began to show greater diversity in their economic performance. Beginning in the Reagan administration, shifting federal priorities and declining resources from Washington forced states to be increasingly self-reliant. In this new, more challenging environment, state-level activism reemerges as an important influence on income growth. The book concerns the economic fortunes of all states, but turns to four case studies to describe in depth how states have responded to economic and political challenges since the 1960s. For example, Arizona and Texas enjoyed booms, but this prosperity was due to forces outside their boundaries. Their traditions of weak government and minimal intervention served them well when the national economy was expanding, yet they were unprepared to stimulate their own economic development in the more challenging environment of the 1980s. Michigan and New York, which initially experienced slow growth, managedto stimulate economic performance because of strong government apparatus and interest - although they too were seriously challenged as the national economy slowed in the early 1990s. These contrasting experiences allow Brace to propose a model for evaluating the economic impact of state government and policy in a changing national economic context. Brace observes that the institutional characteristics of states, the policies they adopt, and their levels of taxation all have statistically discernible effects on their rates of growth in income, but little impact on employment or manufacturing growth. "In essence", he writes, "the institutionally more powerful, entrepreneurial state has been better suited to sustain income in the changing environment of the 198Os". At the same time, however, income growth may serve to retard other forms of growth, most notably in jobs, because of the mobility of capital and labor between the states. Because of this, the states face formidable, even insurmountable, structural barriers to self-sustained economic development. As open economies they are extremely sensitive to competition from other jurisdictions, and ultimately this undermines long-range intervention by the states.
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The Rise and Fall of State Owned Enterprise in the Western World

124-73 . Baltimore . Duffy , J. 1974. A history of public health in New York City , 1866-1966 . New York . Eisinger , P. K. 1988. The rise of the entrepreneurial state : State and local economic development policy in the United States .

Author: Pier Angelo Toninelli

Publisher: Cambridge University Press

ISBN: 0521780810

Category: Business & Economics

Page: 320

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This book examines the twentieth-century rise and fall of state-owned enterprises in Western political economy.
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Approaches to Economic Development

See Peter Eisinger , The Rise of the Entrepreneurial State ( Madison : University of Wisconsin Press , 1988 ) ; Virginia Gray and David Lowery , “ The Corporatist Foundation of State Industrial Policy , " Social Science Quarterly 71 ...

Author: John P. Blair

Publisher: SAGE

ISBN: 0761918841

Category: Business & Economics

Page: 328

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This Reader presents a selection of articles from Economic Development Quarterly, the premier journal for practitioners and academics of local economic development. The pieces chosen cover both the breadth and the cutting edge of real world economic development practices.
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Michigan Government Politics and Policy

The Right Place (www.rightplace.org/About-Us/Services-Support.aspx) through this website assists West Michigan entrepreneurs with a variety of programs. NOTES 1. Peter Eisinger, The Rise of the Entrepreneurial State: State and Local ...

Author: John S Klemanski

Publisher: University of Michigan Press

ISBN: 9780472037001

Category: Political Science

Page: 408

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A comprehensive overview of how Michigan's government and political institutions function
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Running the Numbers A Practical Guide to Regional Economic and Social Analysis 2014

Eisinger, The Rise of the Entrepreneurial State, 34–36. 10. Ibid. 11. John Quinterno, When Any Job Isn't Enough: Jobs-Centered Development in the American South (Winston-Salem, NC: Mary Reynolds Babcock Foundation, 2009), 16–17, ...

Author: John Quinterno

Publisher: Routledge

ISBN: 9781317460671

Category: Business & Economics

Page: 352

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Through use of practical examples and a plainspoken narrative style that minimises the use of maths, this book demystifies data concepts, sources, and methods for public service professionals interested in understanding economic and social issues at the regional level. By blending elements of a general interest book, a textbook, and a reference book, it equips civic leaders, public administrators, urban planners, nonprofit executives, philanthropists, journalists, and graduate students in various public affairs disciplines to wield social and economic data for the benefit of their communities. While numerous books about quantitative research exist, few focus specifically on the public sector. Running the Numbers, in contrast, explores a wide array of topics of regional importance, including economic output, demographics, business structure, labour markets, and income, among many others. To that end, the book stresses practical applications, minimises the use of maths, and employs extended, chapter-length examples that demonstrate how analytical tools can illuminate the social and economic workings of actual American regions.
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Running the Numbers

Eisinger, The Rise of the Entrepreneurial State, 34–36. 10. Ibid. 11. John Quinterno, When Any Job Isn't Enough: Jobs-Centered Development in the American South (Winston-Salem, NC: Mary Reynolds Babcock Foundation, 2009), 16–17, ...

Author: John Quinterno

Publisher: M.E. Sharpe

ISBN: 9780765641076

Category: Business & Economics

Page: 352

View: 514

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Through use of practical examples and a plainspoken narrative style that minimizes the use of math, this book demystifies data concepts, sources, and methods for public service professionals interested in understanding economic and social issues at the regional level.
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Corporate Welfare

Peter K. Eisinger, in The Rise of the Entrepreneurial State: State and Local Economic Development Policy in the United States, defines an entrepreneurial state as one in which the government serves “an entrepreneurial function . . . in ...

Author: James T. Bennett

Publisher: Routledge

ISBN: 9781351525725

Category: Business & Economics

Page: 238

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From the time of Alexander Hamilton's "Report on Manufactures" through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from taxpayer-financed factories, to tax exemptions, to outright gifts of money. This kind of government aid, known as "corporate welfare," is still around today. After establishing its historical foundations, James T. Bennett reveals four modern manifestations.His first case is the epochal debate over government subsidy of a supersonic transport aircraft. The second case has its origins in Southern factory relocation programs of the 1930s?the practice of state and local governments granting companies taxpayer financed incentives. The third is the taking of private property for the enrichment of business interests. The fourth?export subsidies?has its genesis in the New Deal but matured with the growth of the Export-Import Bank, which subsidizes international business exchanges of America's largest corporate entities.Bennett examines the prospects for a successful anti-corporate welfare coalition of libertarians, free market conservatives, Greens, and populists. The potential for a coalition is out there, he argues. Whether a canny politician can assemble and maintain it long enough to mount a taxpayer counterattack upon corporate welfare is an intriguing question.
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The Entrepreneurial Society

This book should appeal to researchers and students in developmental economics.

Author: David B. Audretsch

Publisher: Oxford University Press

ISBN: 9780195183504

Category: Business & Economics

Page: 236

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In the depiction of the post-World War II economy, two factors mattered for economic growth: capital and labor. Economists were thus focused on macroeconomic policy, in order to induce investment in capital, while social institutions like education were oriented towards producing a labor force equipped to work in an economy consisting of large-scale factories. However, in the leading developed economies, globalization and technology have triggered a shift away from capital, which can be moved to lower-cost locations through downsizing and outsourcing of employment, and towards knowledge. Audretsch argues in this book that the entrepreneurial economy is the strategic response to this shift. In this economy, a new growth policy has emerged, focusing on promoting knowledge capital and entrepreneurship capital with programs like incubators, science parks, and start-up programs. In addition, knowledge-based geographic clusters have arisen, like Silicon Valley, Cambridge, and Bangalore. This book will provide a lens for understanding and interpreting the emergence of entrepreneurship policy. Audretsch will make connections between entrepreneurship and economic growth at the levels of individual firms and entire regions. He concludes that entrepreneurship contributes to economic growth by serving as a conduit for knowledge spillovers, injecting competition into the market for new ideas, and increasing the amount of diversity. This book should appeal to researchers and students in developmental economics.
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City in Transition

Eisinger (1988) explained the reasons behind the emergence of the second-wave strategy in a book titled The Rise of the Entrepreneurial State, which he defined as “activities in which the state risks resources in the effort to help ...

Author: Frank Akpadock

Publisher: FriesenPress

ISBN: 9781770972568

Category: Business & Economics

Page: 376

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In a climate of scarce financial resources, where federal and state fiscal assistance to cities has dwindled quantitatively, all civic leaders must somehow find a way to provide long-term vision, a good business climate, and diverse economic development planning strategies to grow their cities' economies. Such plans should be strategically flexible and adaptable to change, yet strong enough to withstand the whirlwinds and vicissitudes of the constantly changing national and global economies. Youngstown, Ohio, achieved its success through the visionary leadership of its city mayors, who partnered with local University leadership, tapping into their invaluable assets of knowledge capital and technology transfer capacities, while at the same time mobilizing public support from labor, businesses, foundations, and other entrepreneurial stakeholders to provide assistance with the city's economic recovery. City in Transition is a landmark testimonial assessment of tried and true economic development strategies of Youngstown mayors' visionary leaderships to revive and grow the city's declining economy following its steel mill closings in the late 1970s. Economic development strategies together with city-size reclassification into a smaller post-industrial city, created a classic leadership story of foresight that transcended the city's economic regeneration per se, to garner both national recognition and international attention.
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Sovereign Wealth Funds and International Political Economy

28 Israel M. Kirzner, Competition and Entrepreneurship (Chicago: University of Chicago Press, ... 29 Peter K. Eisinger, The Rise of the Entrepreneurial State: State and Local Economic Development Policy in the United States, ...

Author: Manda Shemirani

Publisher: Routledge

ISBN: 9781317052142

Category: Political Science

Page: 176

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For the first time, Shemirani provides a systematic methodology for the study of Sovereign Wealth Funds (SWFs) over their life span and emphasizes the need for a paradigm shift in our approach towards the study of state capitalism. Applied in this book to the world's four largest SWFs - Government Pension Fund-Global of Norway, Abu Dhabi Investment Authority of the United Arab Emirates, Temasek of Singapore, and the National Wealth Fund of the Russian Federation, this methodology can also be applied to other funds or form a basis for further analytical studies of SWFs. In addition to its first hand approach, the book addresses concerns about the lack of transparency by offering insights into the functioning and investment strategies of the selected SWFs. Academics and students in international political economy, international finance and international business as well as financiers, business leaders, and policy makers, will find the subject and the approach of this book highly useful.
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