The Rise of the Entrepreneurial State: State and Local Economic Development Policy in the United States
by Peter K. Eisinger
University of Wisconsin Press, 1989 Paper: 978-0-299-11874-7 Library of Congress Classification HC110.I53E56 1988 Dewey Decimal Classification 338.973
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies. This trend marked a decisive break from governments’ traditionally small role in the affairs of private industry that defined the relationship between the public and private sector for the first half of the twentieth century. The turn to state and local government intervention signaled a change in subnational politics that, in many ways, transcended partisan politics, regional distinctions ,and racial alliances.
Eisinger’s meticulous research uncovers state and local governments’ transition from supply-side to demand-side strategies of market creation. He shows that, instead of relying solely on the supply-side strategies of tax breaks and other incentives to encourage business relocation, some governments promoted innovation and the creation of new business approaches.
AUTHOR BIOGRAPHY
Peter K. Eisinger is chair of the Department of Political Science at the University of Wisconsin–Madison. Eisinger is also a senior fellow at the Institute for Research on Poverty. His many books include The Conditions of Protest Behavior in American Cities, Racial Differences in Protest Participation, and Black Employment in Municipal Jobs: The Impact of Black Political Power.
REVIEWS
“As a synthesis of U.S. economic development policies, Eisinger’s highly informative and well-written book stands alone. No one else has succeeded so well at offering such a comprehensive perspective. . . . Eisinger’s book is destined to be essential reading in economic development courses, an invaluable handbook for practitioners, and a seminal interpretive framework to which all subsequent theorists will have to respond.”—Choice
TABLE OF CONTENTS
Contents
Illustrations
Tables
Preface
Part I.
Groundwork
1.
An Introduction to State and Local Economic Development Policy
The Idea of a Policy Domain
The Entrepreneurial State
The Argument in Brief
The Plan of the Book
2.
The Framework of Economic Development Policy
Framework Elements of Economic Development Policy
Conclusions
3.
Justifying Economic Development
Growth versus Development
The Empirical Basis of the Development Models
The Costs of Economic Development
The Decline-Distress Model
Conclusions
4.
The Context of Economic Development Policy
The Decentralization of People and Industry
Federalism
The Contraction of the Federal System
The United States in a Changing Economy
The Capitalist Context of Economic Development
Tne Supply-Side Theory of Urban and Regional Economic Growth
The Erosion of the Old Economic Order
Drawing Lessons for Economic Development Policy
Part II.
The Supply-Side Tradition
5.
The Federal Role in State and Local Economic Development
Federal Aid for Subnational Development before World War II
Urban Renewal, 1949–1974
The Small Business Administration
The Economic Development Administration
Community Development Block Grants
The Urban Development Action Grant Program
Conclusions
6.
Supply-Side Incentives to Development: Business Climate Policies
Comparative Business Climates
Tax Policy
Debt Financing
Labor Incentives
Regulatory Policy: Growth versus the Environment?
7.
Geographically Targeted Policies on the Supply Side
Industrial and Commercial Site Development
Targeted Financial Assistance for Capital and Infrastructure
Tax Increment Financing
State Enterprise Zones
8.
The Determinants of Economic Growth and Industrial Location Decisions: A Critique of Supply-Side Strategies
The Determinants of Investment Behavior: Market and Labor Factors
General Tax Policy
Tax Concessions and Financial Incentives as Location Factors
Other Location Factors
Conclusions
Part III.
Demand-Side Policy in Economic Development
9.
Demand-Side Concepts and Their Policy Implications
Demand Concepts and the Rise of the Entrepreneurial State
Entrepreneurialism as a Bridge between Export Base and Supply-Side Approaches
The Entrepreneurial State and the Job-Generation Studies
Policy Directions
10.
State Governments as Venture Capitalists
Small Business and the Problem of Capital
The Rationale for State Venture Capitalism
The States As Venture Capitalists
Smart Investing: Mechanisms for Investment Decision-making
Keying Venture Programs to the Business Life Cycle
Conclusions
11.
Anticipating and Creating Markets: The States and High-Technology Policy
Defining High Tech
Justifying State Intervention
The Limits of High Tech in Economic Development
State High-Tech Policy in the Mid-1980s
Conclusions
12.
The Search for New Markets: State and Local Export-Promotion Activities
The Shift from Supply-Side to Demand Strategies in International Trade
Justifying State Intervention in Foreign Trade
The Federal Backdrop to State and Local Export Activity
State Export-Promotion Programs
Conclusions
13.
Protective Economic Development: Plant-Closing Laws, Breach of Contract Suits, and Eminent Domain Seizures
Plant-Closing Laws
Suing Plant Closers for Breach of Contract
Plant Shutdowns and Eminent Domain Actions
Conclusions
14.
Conclusions
The Problem of Evaluation
Economic Development and Popular Interests
A New American Political Economy
Bibliography
Attributed Interviews
Index
REQUEST ACCESSIBLE FILE
If you are a student who cannot use this book in printed form, BiblioVault may be able to supply you
with an electronic file for alternative access.
Please have the accessibility coordinator at your school fill out this form.
The Rise of the Entrepreneurial State: State and Local Economic Development Policy in the United States
by Peter K. Eisinger
University of Wisconsin Press, 1989 Paper: 978-0-299-11874-7
The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies. This trend marked a decisive break from governments’ traditionally small role in the affairs of private industry that defined the relationship between the public and private sector for the first half of the twentieth century. The turn to state and local government intervention signaled a change in subnational politics that, in many ways, transcended partisan politics, regional distinctions ,and racial alliances.
Eisinger’s meticulous research uncovers state and local governments’ transition from supply-side to demand-side strategies of market creation. He shows that, instead of relying solely on the supply-side strategies of tax breaks and other incentives to encourage business relocation, some governments promoted innovation and the creation of new business approaches.
AUTHOR BIOGRAPHY
Peter K. Eisinger is chair of the Department of Political Science at the University of Wisconsin–Madison. Eisinger is also a senior fellow at the Institute for Research on Poverty. His many books include The Conditions of Protest Behavior in American Cities, Racial Differences in Protest Participation, and Black Employment in Municipal Jobs: The Impact of Black Political Power.
REVIEWS
“As a synthesis of U.S. economic development policies, Eisinger’s highly informative and well-written book stands alone. No one else has succeeded so well at offering such a comprehensive perspective. . . . Eisinger’s book is destined to be essential reading in economic development courses, an invaluable handbook for practitioners, and a seminal interpretive framework to which all subsequent theorists will have to respond.”—Choice
TABLE OF CONTENTS
Contents
Illustrations
Tables
Preface
Part I.
Groundwork
1.
An Introduction to State and Local Economic Development Policy
The Idea of a Policy Domain
The Entrepreneurial State
The Argument in Brief
The Plan of the Book
2.
The Framework of Economic Development Policy
Framework Elements of Economic Development Policy
Conclusions
3.
Justifying Economic Development
Growth versus Development
The Empirical Basis of the Development Models
The Costs of Economic Development
The Decline-Distress Model
Conclusions
4.
The Context of Economic Development Policy
The Decentralization of People and Industry
Federalism
The Contraction of the Federal System
The United States in a Changing Economy
The Capitalist Context of Economic Development
Tne Supply-Side Theory of Urban and Regional Economic Growth
The Erosion of the Old Economic Order
Drawing Lessons for Economic Development Policy
Part II.
The Supply-Side Tradition
5.
The Federal Role in State and Local Economic Development
Federal Aid for Subnational Development before World War II
Urban Renewal, 1949–1974
The Small Business Administration
The Economic Development Administration
Community Development Block Grants
The Urban Development Action Grant Program
Conclusions
6.
Supply-Side Incentives to Development: Business Climate Policies
Comparative Business Climates
Tax Policy
Debt Financing
Labor Incentives
Regulatory Policy: Growth versus the Environment?
7.
Geographically Targeted Policies on the Supply Side
Industrial and Commercial Site Development
Targeted Financial Assistance for Capital and Infrastructure
Tax Increment Financing
State Enterprise Zones
8.
The Determinants of Economic Growth and Industrial Location Decisions: A Critique of Supply-Side Strategies
The Determinants of Investment Behavior: Market and Labor Factors
General Tax Policy
Tax Concessions and Financial Incentives as Location Factors
Other Location Factors
Conclusions
Part III.
Demand-Side Policy in Economic Development
9.
Demand-Side Concepts and Their Policy Implications
Demand Concepts and the Rise of the Entrepreneurial State
Entrepreneurialism as a Bridge between Export Base and Supply-Side Approaches
The Entrepreneurial State and the Job-Generation Studies
Policy Directions
10.
State Governments as Venture Capitalists
Small Business and the Problem of Capital
The Rationale for State Venture Capitalism
The States As Venture Capitalists
Smart Investing: Mechanisms for Investment Decision-making
Keying Venture Programs to the Business Life Cycle
Conclusions
11.
Anticipating and Creating Markets: The States and High-Technology Policy
Defining High Tech
Justifying State Intervention
The Limits of High Tech in Economic Development
State High-Tech Policy in the Mid-1980s
Conclusions
12.
The Search for New Markets: State and Local Export-Promotion Activities
The Shift from Supply-Side to Demand Strategies in International Trade
Justifying State Intervention in Foreign Trade
The Federal Backdrop to State and Local Export Activity
State Export-Promotion Programs
Conclusions
13.
Protective Economic Development: Plant-Closing Laws, Breach of Contract Suits, and Eminent Domain Seizures
Plant-Closing Laws
Suing Plant Closers for Breach of Contract
Plant Shutdowns and Eminent Domain Actions
Conclusions
14.
Conclusions
The Problem of Evaluation
Economic Development and Popular Interests
A New American Political Economy
Bibliography
Attributed Interviews
Index
REQUEST ACCESSIBLE FILE
If you are a student who cannot use this book in printed form, BiblioVault may be able to supply you
with an electronic file for alternative access.
Please have the accessibility coordinator at your school fill out this form.
It can take 2-3 weeks for requests to be filled.
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE