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THE INNOVATION FANTASY

Andrew L. Russell

WHEN MY DOORBELL RANG the other day, I expected it would be a routine delivery from the essential workers at the U.S. Postal Service. But when I opened the door, I met someone who introduced herself as Caroline, who was accompanied by her young son, a clipboard, and a stack of pamphlets. Caroline told me she was running for public office to represent our county in the state government. She explained that she’s the only candidate in the race with young children and described why her experience as a working mother gave her a unique perspective. By this point, my own two little ones had crept up behind me, near the front door, curious about the chit-chat. Caroline’s closing argument surprised me: with all the federal spending coming our way—the first wave of COVID-19 relief, and impending waves of infrastructure investment—our community needs someone like her, like us, in the conversation about how to spend it.

I thought about my visit from Caroline and her son when I read Dan Breznitz’s essay. They both have big ideas for how to spend a lot of money, and they believe their respective visions will make for a better world. I expect that Breznitz’s ideas will be embraced in mainstream U.S. political culture, for at least three reasons. First, he recognizes the immense variety in regional economies and understands the futility of a one-size-fits-all approach. Second, he is in step with prevailing criticism of Silicon Valley, whose model of economic development sees inequality as a feature rather than a bug. Finally, in the tradition of Clayton Christensen and Richard Florida, Breznitz is a true believer in the potential of innovation to fulfill all kinds of economic and societal needs—including local and regional economic development.

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In This Issue
EDITORS’ NOTE
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FORUM
ECONOMIC POLICY WITH A MISSION
WHEN PRESIDENT JOE BIDEN campaigned last year under
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BEYOND ELITE INNOVATION
DAN BREZNITZ OFFERS A WEALTH of sobering lessons
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HARD CHOICES
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THINK INSTITUTIONALLY
MAZZUCATO AND HER COLLEAGUES call for ambitious, “mission-oriented”
STATE OF EMERGENCY
IN THEIR WELL-EXECUTED ARGUMENT for a new approach
EXPERIMENTATION IS KEY
MARIANA MAZZUCATO AND COLLEAGUES have laid out a
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MAZZUCATO, Kattel, and Ryan-Collins start from a full-scale
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IT’S A WEIRD TIME to be an industrial
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AGAINST ECONOMIC NATIONALISM
IT IS LONG PAST TIME to throw free-market
FINAL RESPONSE
WE ARE GRATEFUL to all the authors who
WHY INNOVATION HUBS FAIL
DAN BREZNITZ IS RIGHT to question what struggling
DEMOCRATIZE THE DIGITAL REVOLUTION
DAN BREZNITZ RECOGNIZES that place matters—that we need
DETROIT POINTS THE WAY
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EMPTY PROMISES
THE BIDEN ADMINISTRATION will, it seems, have gotten
DECOLONIZING INNOVATION
DAN BREZNITZ’S INCISIVE CRITIQUE of the endless and
FINAL RESPONSE
THE RESPONSES IN THIS FORUM have left me
ESSAYS
PORTRAIT OF THE UNITED STATES AS A DEVELOPING COUNTRY
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CONTRIBUTORS
Yuen Yuen Ang is Associate Professor of Political