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14-1190b-innovation-managing-risk-evidence

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Rodney Boyd, Reuben Finighan,<br />

Fergus Green and Nicholas Stern<br />

(London School of Economics and<br />

Political Science)<br />

13<br />

CHAPTER 1 INNOVATION, RISK AND<br />

GOVERNMENT: PERSPECTIVES AND<br />

PRINCIPLES FROM THE SOCIAL SCIENCES1<br />

The interplay between <strong>innovation</strong> and <strong>risk</strong>, and the social interactions<br />

between public and private sectors, are critical in fostering <strong>innovation</strong><br />

and determining its effectiveness.

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