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Industrial Policy and Innovation in Europe

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Mainstreams in Industrial Organization

Part of the book series: Studies in Industrial Organization ((SIOR,volume 6))

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Abstract

Every State has a clear choice between Law and Intervention in its economic affairs. That is, one of its options is to legislate, especially in relation to property rights, so as to provide a framework within which independent economic agents are free to act on their own initiative; such legislation will reflect agnosticism on the part of those who run the State, about their ability to know which direction economic activity ought to take, and/or doubt about the possible value of action on their part, when weighed up against its possible harm.

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© 1986 Springer Science+Business Media Dordrecht

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Kingston, W. (1986). Industrial Policy and Innovation in Europe. In: de Jong, H.W., Shepherd, W.G. (eds) Mainstreams in Industrial Organization. Studies in Industrial Organization, vol 6. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-0493-9_18

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  • DOI: https://doi.org/10.1007/978-94-017-0493-9_18

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-017-0495-3

  • Online ISBN: 978-94-017-0493-9

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