This paper is an exercise in comparative institutional analysis, asking what kinds of arrangements most facilitate innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may be particularly conducive to innovation, and...

It concludes by constructing a simple model in which knowledge flows slowly across national borders but moves easily within borders. We show there is a leadership-followership equilibrium, in which some countries are leaders, others are followers. Contrary to Solow's analysis, there need not be...

Preface -- The welfare state in the twenty-first century / Joseph E. Stiglitz -- Adapting labor and social protection systems to twenty-first-century capitalism / Sandra Polaski -- The welfare state in the twenty-first century : latest trends in social protection / Isabel Ortiz -- Supporting...

Preface -- The welfare state in the twenty-first century / Joseph E. Stiglitz -- Adapting labor and social protection systems to twenty-first-century capitalism / Sandra Polaski -- The welfare state in the twenty-first century : latest trends in social protection / Isabel Ortiz -- Supporting...