Why Entrepreneurs, Not Bureaucrats, Drive Innovation


Why Entrepreneurs, Not Bureaucrats, Drive Innovation

drawing on insights from the Austrian school of economics

Recent years have seen a renewed interest in what Mariana Mazzucato calls the “Entrepreneurial State,” the notion that breakthrough innovations come not from competition among profit-seeking entrepreneurs and companies but from government programs. This panel looks at the nature of innovation in an entrepreneurial market economy and the role of government planners, funders and regulators in promoting or hindering the technological progress that drives advances in societal well-being. Panelists will draw on insights from the “Austrian” school of economics, which emphasizes the role of entrepreneurs, markets and prices in driving economic improvement.



Peter Klein

Peter Klein

W. W. Caruth Chair and Professor of Entrepreneurship

Hankamer School of Business

Baylor University





Steven Phelan

Steven Phelan

Director of the Michael A. Leven School of Management, Entrepreneurship and Hospitality and Professor of Entrepreneurship

Coles College of Business

Kennesaw State University





Matt McCaffrey

Matt McCaffrey

Associate Professor

Masood Entrepreneurship Centre

The University of Manchester






Image: John Howe



John S. Howe

Professor of Finance and Missouri Bankers Chair

Robert J. Trulaske, Sr. College of Business






Trulaske Business Insider Youtube Cover Image


 Insider Series