This scholarly work is a collection of contributions focusing on the role of state intervention in fostering innovation within market economies. The authors, including Erhard Kantzenbach, Peter Oberender, Hans-Rudolf Peters, and Hellmuth Stefan Seidenfus, explore the boundaries and possibilities of state-led innovation initiatives, especially in the context of perceived market failures. They discuss the theoretical underpinnings of market dynamics such as arbitrage and accumulation, and how these interact with innovation to influence economic equilibrium. The book addresses the challenges and justifications for state involvement in innovation, emphasizing the need for strategic support to overcome financial and informational barriers. It is intended for an academic audience interested in economics, public policy, and innovation management. |