Knowledge and Politics in Innovation Policy Design

In this chapter I argue that knowledge limitations and politics have interacted in the US to prevent the development and implementation of a national innovation policy. Policy formulation has been inhibited by inadequate knowledge of innovation and its relationship to the economy and government policy, and by the failure to use existing knowledge effectively. But more important are inherent features of the US politico-economic system such as its pluralistic, fragmented nature which have prevented a strategic approach to innovation policy. The formulation and implementation of effective innovation policy requires not only understanding of innovation but also favourable politico-economic conditions. We need to pay more attention to politics if we are to understand the status of, and potential for, innovation policy in the US. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.