Government, Innovation, and Education

This chapter examines the contentious debate over government funding's role in fostering innovation, particularly through case studies like Japan's MDI and DARPA. It critiques the notion that government initiatives were crucial for key technological advancements, asserting instead that private innovators had a more significant influence. Additionally, the chapter highlights the shortcomings of traditional economics education in addressing entrepreneurship and innovative concepts, advocating for a broader perspective on capitalism and its impact on the marketplace.