For too long the policy importance of innovation has taken a back seat to short-term stimulus initiatives. Hall and Rosenberg have assembled a scholarly collection of papers that provide a timely guide for rediscovering the role of innovation in economic growth. Albert N. Link, University of North Carolina at GreensboroFrom the Publisher:
Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions. These two volumes, available as a set or sold separately, include expert articles that consider the best ways to establish optimal incentives in technological progress. Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare. Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies.
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