Kajander, P: Government‘s Role in Early Stage Growth Compani

The book focuses on the fundamental question whether governmental actions can increase social utility in the early stage growth company sector. Previous research has shown that the current Finnish high tech private sector is heavily occupied by government agencies and intervention but the actual results are very poor and even counterproductive. In the recent scientific research it is often assumed that governmental intervention is necessary and beneficial to the society. The book uses Austrian economics and more specifically the Misesian approach, praxeology, as its methodology that is based on the logical process of deduction from the self-evident axiom of human action. The conclusions from the deductive process are absolutely true and cannot be tested nor verified by empirical evidence-there are no constant variables in human sciences. The book is able to explain the current state and condition of the high tech growth company sector and its ecosystem. The analysis is an eye-opener for any market participant who is involved with current innovation systems today, no matter whether you are an academic, entrepreneur, financier or government official.