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The role of an entrepreneurial state in
fostering innovation
by…
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the ‘entrepreneurial’ state is that entrepreneurship – what every policy maker today seems to want to encourage – is not (just) about start-ups, venture capital and ‘garage tinkerers’. It is about the willingness and ability of economic agents to take on risk and real Knightian uncertainty
what is genuinely unknown - Frank Knight (1885-1972)