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Industrial policy : the coevolution of public and private sources of finance for important emerging and evolving technologies

Kenneth Carlaw, Author ; Richard Lipsey, Author | Cambridge : Cambridge University Press | Cambridge elements. Elements in evolutionary economics | 2022

Dismissing industrial policy because 'governments cannot pick winners' is counter-productive. This Element studying selected major innovations illustrates the fact that virtually all major new technologies have been developed by a synergetic coo[...]