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The Economic Theory Of Invention And Innovation.

The Economic Theory Of Invention And Innovation.

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  • ISBN:9781847206022
  • Editorial: Edward Elgar
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  • Nº Pág.:496
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This comprehensive collection presents the classic articles in the economics of invention and innovation. It covers topics related to sources of inventive and innovative activity, including exogenous and endogenous innovation, with an emphasis on R&D activity and the diffusion of new techniques. Professor Link has prepared an original introduction, which offers an authoritative overview of a subject that is of growing importance to both economists and management scientists.

Introduction by Albert N. Link
Pt. I Exogenous Innovations
1 Determinants of the Direction of Technological Change by Yale Brazen 3
2 Technical Change and the Aggregate Production Function by Robert M. Solow 18
3 The Economics of Invention: A Survey of the Literature by Richard R. Nelson 27
4 A Disaggregated View of Technical Change by Benton F. Massed 54
Pt. II Induced Innovation
5 A Survey of the Theory of Process-Innovations by M. Blaug 67
6 On the Theory of Induced Invention by Syed Ahmad 87
7 Induced Factor Augmenting Technical Progress from a Microeconomic Viewpoint by M. I. Kamien and N. L. Schwartz 101
8 An Economic Theory of Technological Change by William D. Nordhaus 118
9 Empirical Support for the Theory of Induced Innovations by William Fellner 129
Pt. III Endogenous Innovation
10 The Economic Implications of Learning by Doing by Kenneth J. Arrow 157
11 In Search of Useful Theory of Innovation by Richard R. Nelson and Sidney G. Winter 176
12 Endogenous Technological Change by Paul M. Romer 216
13 The Entrepreneur as Innovator by Robert F. Hebert and Albert N. Link 248
Pt. IV Sources of Innovation
14 The Simple Economics of Basic Scientific Research by Richard R. Nelson 259
15 Expenditure Patterns for Risky R and D Projects by Morton I. Kamien and Nancy L. Schwartz 269
16 Inter-Industry Technology Flows in the United States by F. M. Scherer 283
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