of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … accumulation, investment, and upgrading of knowledge and (ii) the implementation of mechanisms that enable knowledge to be … exploited such that growth and societal prosperity are encouraged. Knowledge is a necessary but far from sufficient condition …

Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change (Princeton University Press, 2013). The book is … laudable for its emphasis on innovation, for its discussion of what constitutes a good life, and Phelps' realization that true … the lack of empirical indicators actually showing that the rate of innovation has dropped are significant weaknesses …

prerequisite for innovation and entrepreneurship. This is done by putting the spotlight on the role that formal and informal … institutions often act as impediments to entrepreneurship and innovation. We argue that a common yet underappreciated source of …

It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and … bankruptcy and insolvency; (vii) R&D, commercialization and knowledge spillovers; (viii) human capital investments; and (ix … to promote entrepreneurship, innovation and growth. …

function which, until recently, has been an underappreciated and poorly understood source of innovation and institutional …

Venture capital has become a dominant form of innovation finance, used by many high-tech startups. Europe lags the U …

-impact Schumpeterian entrepreneurship relative to the U.S. Once we account for Europe's strong performance in technological innovation, an …

ecosystem. The next three papers discuss the (lack of) access to knowledge and incentives to start innovative entrepreneurial …

innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an … innovation bloc of this kind, a system of innovation that evolves and within which activity takes place through time. The … innovation bloc consists of five pools of economic skills from which people are drawn or recruited to form part of a …