The paper focuses on the effects of public intervention on the
future-orientation of an economy by implementing an agent-based model
designed to provide insight on certain causalities between the public
sector and the innovativeness of an economy which can be inferred
following the Comprehensive Neo-Schumpeterian Economics (CNSE) approach.
We present a model which integrates the three-pillar-idea central to the
CNSE into an agent-based setup designed to simulate innovative behavior
in a society where social insurance can be offered. It can provide
insight on the question if a public body can foster innovation by
offering social insurance for the members of its society. This is
achieved by modeling the real sector, the financial sector as well as
the public sector and their interaction with the individual agents. It
is then possible to analyze the emerging structure and dynamics and link
the results to a Neo-Schumpeterian welfare discussion by including the
future-orientation of a system into the analysis. This will enable us to
shed light on the task of fostering innovation through public policy
measures and specifically through offering social insurance.