Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

War II. In 1940, a group of top U.S. science administrators organized a major coordinated research effort to support the … Allied war effort, including significant investments in medical research which yielded innovations like mass …-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …

War II. In 1940, a group of top U.S. science administrators organized a major coordinated research effort to support the … Allied war effort, including significant investments in medical research which yielded innovations like mass …-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …

War II. In 1940, a group of top U.S. science administrators organized a major coordinated research effort to support the … Allied war effort, including significant investments in medical research which yielded innovations like mass …-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …