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Entrepreneurial egalitarianism: How inequality and insecurity stifle innovation, and what we can do about it

Berry, Craig; O’Donovan, Nick; (2023) Entrepreneurial egalitarianism: How inequality and insecurity stifle innovation, and what we can do about it. (Working Paper Series 2023-06). UCL Institute for Innovation and Public Purpose: London, UK. Green open access

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Abstract

Despite recent advances in our understanding of how innovation happens – for example, recognising the role of the state in fuelling private sector innovation, and of user demand in enabling the generation and dissemination of innovation – the assumption that inequality somehow enables innovation remains widespread. This paper builds upon empirical evidence that more equal societies tend to be more innovative by exploring how inequality and insecurity can inhibit innovative activity at the individual level, both directly and indirectly, by diminishing the resources and capabilities which enable innovation, and disincentivising risktaking and entrepreneurialism. The paper also outlines an ‘entrepreneurial egalitarianism’ policy agenda, exploring how social and economic policies based on egalitarian values can support innovation, focusing in particular on a contributory social security system with income guarantees that supports entrepreneurial risk-taking, an expansive conception of universal basic services, a widening of access to capital, and the potential for institutions such as trade unions to facilitate innovation.

Type: Working / discussion paper
Title: Entrepreneurial egalitarianism: How inequality and insecurity stifle innovation, and what we can do about it
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.ucl.ac.uk/bartlett/public-purpose/wp20...
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose
URI: https://discovery.ucl.ac.uk/id/eprint/10196708
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