TY - CHAP A1 - Schnellenbach, Jan ED - Henrekson, Magnus ED - Sandström, Christian ED - Stenkula, Mikael T1 - A Behavioral Economics Perspective on the Entrepreneurial State and Mission-Oriented Innovation Policy T2 - Moonshots and the New Industrial Policy: Questioning the Mission Economy N2 - It is argued that the concepts of mission-oriented innovation policy and also of the entrepreneurial state will lead to the implementation of policies that are highly vulnerable to behavioral biases and the inefficient use of heuristics. In political practice, we can therefore not expect efficient mission-oriented policies. In particular, I argue that missions as a political commitment mechanism intended to devote massive resources to a specific cause will often only work if biases like the availability bias and loss aversion are deliberately used in order to secure voter consent. Furthermore, I also argue that the argument used by Mazzucato (Mission Economy: A Moonshot Guide to Changing Capitalism. London: Penguin UK, 2021) herself also contains several behavioral biases. Y1 - 2024 SN - 9783031491955 U6 - https://doi.org/10.1007/978-3-031-49196-2_4 SN - 1572-1922 SP - 61 EP - 76 PB - Springer Nature Switzerland CY - Cham ER -