Book

The Rate and Direction of Inventive Activity Revisited

Edited by Josh Lerner and Scott Stern

Published by University of Chicago Press

Published in print April 2012 | ISBN: 9780226473031
Published online February 2013 | e-ISBN: 9780226473062 | DOI: https://dx.doi.org/10.7208/chicago/9780226473062.001.0001
The Rate and Direction of Inventive Activity Revisited

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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 theoretical and empirical contributions to 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 chapters examine the practice of open research and how the diffusion of information technology influences the economics of knowledge accumulation.

Keywords: innovation; economic development; economics of innovation; technological change; institutional environments; nonprofit research; funds; public sector; private sector; knowledge accumulation

Book.  714 pages.  Illustrated.

Subjects: Economic Development and Growth

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Table of Contents

Introduction in The Rate and Direction of Inventive Activity Revisited

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Why Was <i>Rate and Direction</i> So Important? in The Rate and Direction of Inventive Activity Revisited

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The Economics of Inventive Activity over Fifty Years in The Rate and Direction of Inventive Activity Revisited

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How Entrepreneurs Affect the Rate and Direction of Inventive Activity in The Rate and Direction of Inventive Activity Revisited

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Diversity and Technological Progress in The Rate and Direction of Inventive Activity Revisited

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