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 - TY - CHAP A1 - Schnellenbach, Jan ED - Dopfer, Kurt ED - Nelson, Richard R. ED - Potts, Jason ED - Pyka, Andreas T1 - Public entrepreneurship in economic evolution T2 - Routledge handbook of evolutionary economics Y1 - 2024 SN - 9780367025687 SN - 9781032533391 SP - 402 EP - 410 PB - Routledge CY - New York ER - TY - GEN A1 - Schnellenbach, Jan T1 - On the reform of fiscal rules in the European Union : what has been achieved, and how did we get here? T2 - Economist’s voice N2 - In April 2024, the European Union has reformed its set of fiscal rules, aimed at securing sustainable public finances in its member countries. In this paper, we discuss the pathway towards reform and highlight the main characteristics of the reformed set of rules. It is argued that, relative to the original proposals by the Commission, the rules have improved. However, the numerical safeguards may be circumvented to some extent. In sum, there remains plenty of discretionary leeway for a conflict-averse Commission to appease non-compliant member countries. Y1 - 2024 U6 - https://doi.org/10.1515/ev-2024-0060 SN - 1553-3832 PB - De Gruyter CY - Berlin ; Boston, Massachusetts ER -