Many believe that if we want an innovative private sector, the state just needs to get off its back and it will flourish. This approach is being challenged by those who believe that the state can have a key role to play in innovation and industrial policy.
Nowhere is this debate more relevant than in relation to the need to develop an innovative low-carbon and environmental goods sector to address our environmental challenges. This event, one of five in our 2014-15 economics seminar series
, reviewed this debate and the key economic arguments and concepts.