The innovation illusion : how so little is created by so many working so hard

Cover page -- Halftitle page -- Title page -- Copyright page -- CONTENTS -- LIST OF FIGURES -- PREFACE -- ACKNOWLEDGMENTS -- 1 INTRODUCTION -- The planning machine -- Bound capitalism -- The four horsemen of capitalist decline -- 2 WHEN CAPITALISM BECAME MIDDLE-AGED -- The bridges to Maddison counting -- How companies spend their money -- How companies play defense -- 3 THE COLOR OF CAPITALISM IS GRAY -- The color of capital is gray -- Prospecting for capitalists: meet the owners -- Sovereign wealth funds and the socialization of private companies -- Pensions and retirement savings -- Gray capital makes capitalism gray -- 4 THE RISE AND RISE AGAIN OF CORPORATE MANAGE RIALISM -- Innovation and corporate destruction -- The formula of failure -- Corporate managerialism: ideology on the rise -- The logic of planning -- Plan, plan, and plan -- Meet the sheriffs: gatekeepers against change -- 5 THE TWO FACES (AND PHASES ) OF GLOBALIZATION -- The globalist worldview -- The growth of globalization -- Scale to scope: from the first to the second generation of globalization -- Globalization has moved the boundaries between firm and market -- Globalization, specialization, and sunk costs -- 6 THE RETURN OF THE REGULATORS -- Regulation and political romanticism -- The time and money of regulation -- An era of deregulation and diffusion -- Deregulation and the reallocation of business -- After the deregulation wave -- Corporate funding, innovation, and regulation -- 7 KILLING FRONTIER INNOVATION -- The precautionary principle at work -- Conflicts between regulations -- Regulatory and policy uncertainties shape investment allocation -- Greening energy by complex regulations -- Complex regulation and economic growth -- 8 CAPITALISM AND ROBOTS -- The New Machine Age -- Companies, entrepreneurs, and complexity -- Capitalism and economic dynamism.