This book is open access under a CC BY 4.0 license.The authors of this book advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal. Starting with the rule of law and the protection of property rights; the tax system; the authors deal with regulations governing savings, capital and finance, and the organization of labor markets an...

This open access book offers a critical examination of large-scale, state-led green industrial policies, with a particular focus on the European Union. Drawing on empirical evidence from sectors such as ethanol, hydrogen, wind power, and biogas, it reveals how well-intentioned “Green Deals” often result in speculative investment bubbles—termed “green bubbles”—rather than sustainable industrial transformation. Contributors analyze the systemic risks of mission-oriented policies that priorit...

This open access book raises some central questions: Do we need moonshot policies to spur innovation and economic growth? What are the risks associated with such policies?Economic turbulence, the COVID-19 pandemic, and mounting environmental concerns have paved the way for a renaissance of targeted industrial policy. In particular, the idea that society should be organized around large missions is gaining momentum among high-income economies. However, the authors and editors of thi...

This open access book is an outcome of the EU’s Horizon 2020 project ‘Financial and Institutional Reforms for an Entrepreneurial Society’ (FIRES). Building on historical, economic and legal analysis, and combining methods and data across disciplines, the authors provide policymakers, stakeholders and scholars with valuable new tools for assessing and improving Europe’s entrepreneurial ecosystems. Then experts from Germany, Italy and the United Kingdom discuss tailored strategies for introd...