Public & Private Institutions

    Public and private institutions both have a role to play in innovation by shaping and creating markets. The question is how public organizations should be structured to better accommodate risk-taking and build the capabilities to manage the challenges created by disruption.

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    Start-Up Governments, or Can Bureaucracies Innovate?

    For most economists and indeed for social scientists in general such a question induces shudders as already asking this seems wrong – aren’t governments more prone to failures than markets, and aren’t governments supposed to provide basic and stable institutions for markets to function? Read more