Academic webinar with Dr Christian Sandström and Dr Karl Wennberg

This event, hosted by UK think tank the IEA will launch the book ‘Bureaucrats or Markets in Innovation Policy?’

Dr Christian Sandstrom and Dr Karl Wennberg will be joining us to discuss their new book, Bureaucrats or Markets in Innovation Policy? Based on a major interdisciplinary research program with a special focus on Sweden, paired with international research, Dr Sandstrom and Dr Wennberg will explain how targeted interventions and firm subsidies do not have the intended effects but instead creates policy failures, government waste and rent-seeking. Instead, they will argue that innovation policy should focus on supplying the right competencies and on improving the institutions of the market economy and the general conditions for enterprise. Markets rather than bureaucrats are decisive for innovation, industrial development and growth.

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