The worst economic crisis since the Great Depression has generated a fundamental re-evaluation of the free-market policies that have dominated American politics for three decades. State of Innovation brings together critical essays looking at the 'innovation industry' in the context of the current crisis. The book shows how government programs and policies have underpinned technological innovation in the US economy over the last four decades, despite the strength of 'free market' political rhetoric. The contributors provide new insights into where innovations come from and how governments can support a dynamic innovation economy as the US recovers from a profound economic crisis. State of Innovation outlines a 21st century policy paradigm that will foster cutting-edge innovation which remains accountable to the public.

Fred L. Block, Matthew R. Keller

1: Innovation and the Invisible Hand of Government; I: Telling the Stories; I 2: The Military's Hidden Hand; I 3: Political Structures and the Making of U.S. Biotechnology; I 4: To Hide or Not to Hide?; I 5: Green Capitalists in a Purple State; I 6: The CIA's Pioneering Role in Public Venture Capital Initiatives; I 7: DARPA Does Moore's Law; II: Scale, Significance, and Implications; II 8: Where Do Innovations Come From?; II 9: Failure to Deploy; II 10: From Developmental Network State to Market Managerialism in Ireland; II 11: China's (Not So Hidden) Developmental State; II 12: Everyone an Innovator; II 13: The Paradox of the Weak State Revisited; II 14: Avoiding Network Failure