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.

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The Rate and Direction of Inventive Activity Revisited
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The Rate and Direction of Inventive Activity Revisited
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410Â
CarlÂ
Shapiro
References
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IV
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Table of contents
- Contents
- Introduction
- I. Panel Discussion: The Impact of the 1962 RATE AND DIRECTION Volume, a Retrospective
- II. The University- Industry Interface
- III. Market Structure and Innovation
- IV. The Sources and Motivations of Innovators
- V. Panel Discussion: Innovation Incentives, Institutions, and Economic Growth
- VI. The Social Impact of Innovation
- VII. Panel Discussion: The Art and Science of Innovation Policy
- Contributors
- Author Index
- Subject Index
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