Liberals are notoriously skeptical about the state’s ability to generate innovation. A new study on the potential of national innovation agencies puts these concerns into perspective – and makes the case for limited state activity. Liberalism’s success is not simply based on its philosophical persuasiveness but on its economic power. By inextricably interlinking political with economic freedom, liberalism paves the ground for a dynamic market economy that generates wealth and innovation.
This study is not worth the paper on which it is printed.