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.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Acknowledgements Introduction Part I: Exogenous Innovations 1. Determinants of the Direction of Technological Change; 2. Technical Change and the Aggregate Production Function; 3. The Economics of Invention: A Survey of the Literature; 4. A Disaggregated View of Technical Change Part II: Induced Innovation 5. A Survey of the Theory of Process-Innovations; 6. On the Theory of Induced Invention; 7. Induced Factor Augmenting Technical Progress from a Microeconomic Viewpoint; 8. An Economic Theory of Technological Change; 9. Empirical Support for the Theory of Induced Innovations Part III: Endogenous Innovation 10. The Economic Implications of Learning by Doing; 11. In Search of Useful Theory of Innovation; 12. Endogenous Technological Change; 13. The Entrepreneur as Innovator Part IV: Sources of Innovation 14. The Simple Economics of Basic Scientific Research; 15. Expenditure Patterns for Risky R and D Projects; 16. Inter-Industry Technology Flows in the United States; 17. Innovation and Learning: The Two Faces of R&D; 18. Learning-Before-Doing in the Development of New Process Technology Part V: Adoption and Diffusion of Innovation 19. Hybrid Corn: An Exploration in the Economics of Technological Change; 20. Technical Change and the Rate of Imitation; 21. The Speed of Response of Firms to New Techniques; 22. Classifactory Notes on the Production and Transmission of Technological Knowledge; 23. Factors Affecting the Diffusion of Technology; 24. Clio and the Economics of QWERTY Name Index