Inventing Ideas (Paperback)
Language: English
Published by Oxford University Press Inc, New York, 2020
- Softcover
- New
Seller: AussieBookSeller, Truganina, VIC, AustraliaAussieBookSeller
AbeBooks seller since June 22, 2007
Condition: New
£ 81.46
Quantity: 1 available
Add to basketItem description from seller
Paperback. What determines why some countries succeed and others fall behind?Economists have long debated the sources of economic growth, resulting in conflicting and often inaccurate claims about the role of the state, knowledge, patented ideas, monopolies, grand innovation prizes, and the nature of disruptive technologies.B. Zorina Khan's Inventing Ideas overturns conventional thinking and meticulously demonstrates howand why the mechanism design of institutions propels advances in the knowledge economy and ultimately shapes the fate of nations. Drawing on the experiences of over 100,000 inventors and innovations from Britain,France, and the United States during the first and second industrial revolutions (1750-1930), Khan's comprehensive empirical analysis provides a definitive micro-foundation for endogenous macroeconomic growth models.This groundbreaking study uses comparative analysis across time and place to show how different institutions affect technological innovation and growth. Khan demonstrates how top-down innovation systems, in which elites, state administrators, or panels make keyeconomic decisions about prizes, rewards and the allocation of resources, prove to be ineffective and unproductive. By contrast, open-access markets in patented ideas increase the scale and scope ofcreativity, foster diversity and inclusiveness, generate greater knowledge spillovers, and enhance social welfare in the wider population.When institutions are associated with rewards that are misaligned with economic value and productivity, the negative consequences can accumulate and reduce comparative advantage at the level of individuals and nations alike. So who will arise as the global leader of the twenty-first century? The answer depends on the extent to which welearn and implement the lessons from the history of innovation and enterprise. Based on original archival research, Inventing Ideas sheds light on the origins of the knowledge economy through empirical analysis of over one hundred thousand inventors and innovations in Britain, France, and the United States during the first and second industrial revolutions. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…
Seller Inventory # 9780190936082
- Title
- Inventing Ideas (Paperback)
- Author
- B. Zorina Khan
- Publisher
- Oxford University Press Inc, New York
- Publication year
- 2020
- Condition
- new
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0190936088
- ISBN 13
- 9780190936082
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AussieBookSeller
Truganina, VIC, Australia
AbeBooks seller since June 22, 2007
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