Rate and Direction of Inventive Activity Revisited
1st Edition
Published on 2. March 2012
715 pages
978-0-226-47306-2 (ISBN)
Description
While the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This volume offers new theoretical and empirical contributions to fundamental questions relating to the economics of innovation and technological change while revisiting the findings of a classic book. Central to the development of new technologies are institutional environments, and among the topics discussed here are the roles played by universities and other nonprofit research institutions and the ways in which the allocation of funds between the public and private sectors affects innovation. Other essays examine the practice of open research and how the diffusion of information technology influences the economics of knowledge accumulation. Analytically sophisticated and broad in scope, this book addresses a key topic at a time when economic growth is all the more topical.
More details
Other editions
Additional editions
Josh Lerner | Scott Stern
The Rate and Direction of Inventive Activity Revisited
Book
04/2012
University of Chicago Press
€153.51
Shipment within 10-20 days
Content
- Intro
- Contents
- Introduction
- I. Panel Discussion: The Impact of the 1962 RATE AND DIRECTION Volume, a Retrospective
- Why Was Rate and Direction So Important?
- Some Features of Research by Economists on Technological Change Foreshadowed by The Rate and Direction of Inventive Activity
- The Economics of Inventive Activity over Fifty Years
- II. The University- Industry Interface
- 1. Funding Scientific Knowledge: Selection, Disclosure, and the Public-Private Portfolio
- 2. The Diffusion of Scientific Knowledge across Time and Space: Evidence from Professional Transitions for the Superstars of Medicine
- 3. The Effects of the Foreign Fulbright Program on Knowledge Creation in Science and Engineering
- III. Market Structure and Innovation
- 4. Schumpeterian Competition and Diseconomies of Scope: Illustrations from the Histories of Microsoft and IBM
- 5. How Entrepreneurs Affect the Rate and Direction of Inventive Activity
- 6. Diversity and Technological Progress
- 7. Competition and Innovation: Did Arrow Hit the Bull's Eye?
- IV. The Sources and Motivations of Innovators
- 8. Did Plant Patents Create the American Rose?
- 9. The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions
- 10. The Confederacy of Heterogeneous Software Organizations and Heterogeneous Developers: Field Experimental Evidence on Sorting and Worker Effort
- V. Panel Discussion: Innovation Incentives, Institutions, and Economic Growth
- The Innovation Fetish among the Economoi: Introduction to the Panel on Innovation Incentives, Institutions, and Economic Growth
- Innovation Process and Policy: What Do We Learn from New Growth Theory?
- VI. The Social Impact of Innovation
- 11. The Consequences of Financial Innovation: A Counterfactual Research Agenda
- 12. The Adversity/ Hysteresis Effect: Depression- Era Productivity Growth in the US Railroad Sector
- 13. Generality, Recombination, and Reuse
- VII. Panel Discussion: The Art and Science of Innovation Policy
- The Art and Science of Innovation Policy: Introduction
- Putting Economic Ideas Back into Innovation Policy
- Why Is It So Difficult to Translate Innovation Economics into Useful and Applicable Policy Prescriptions?
- Can the Nelson- Arrow Paradigm Still Be the Beacon of Innovation Policy?
- Contributors
- Author Index
- Subject Index
