The Rate and Direction of Inventive Activity Revisited

Josh Lerner

ISBN 10: 0226473031 / ISBN 13: 9780226473031

Published by The University of Chicago Press, 2012

About this Item

While the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This title offers contributions to fundamental questions relating to the economics of innovation and technological change. Editor(s): Lerner, Josh A.; Stern, Scott. Series: National Bureau of Economic Research Conference Report. Num Pages: 632 pages, 1 halftone, 49 line drawings, 54 tables. BIC Classification: KCD; KCM; PDG. Category: (G) General (US: Trade). Dimension: 230 x 160 x 43. Weight in Grams: 1090. . 2012. Hardcover. . . . .

Seller Inventory # V9780226473031

Bibliographic Details

• Title: The Rate and Direction of Inventive Activity Revisited
• Publisher: The University of Chicago Press
• Publication Date: 2012
• Language: English
• ISBN 10: 0226473031
• ISBN 13: 9780226473031
• Binding: Hardcover
• Condition: New

About this title

Synopsis

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.

About the Author

Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School and a research associate and codirector of the Productivity, Innovation, and Entrepreneurship Program at the NBER. Scott Stern is the School of Management Distinguished Professor of Technological Innovation, Entrepreneurship, and Strategic Management at the Massachusetts Institute of Technology and a research associate and director of the Innovation Policy and the Economy Working Group at the NBER.