The Economic Theory of Invention and Innovation: (215 The International Library of Critical Writings in Economics series)

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.

Table of Contents:
Contents: Acknowledgements Introduction Albert N. Link PART I EXOGENOUS INNOVATIONS 1. Yale Brozen (1953), ‘Determinants of the Direction of Technological Change’ 2. Robert M. Solow (1957), ‘Technical Change and the Aggregate Production Function’ 3. Richard R. Nelson (1959), ‘The Economics of Invention: A Survey of the Literature’ 4. Benton F. Massell (1961), ‘A Disaggregated View of Technical Change’ PART II INDUCED INNOVATION 5. M. Blaug (1963), ‘A Survey of the Theory of Process-Innovations’ 6. Syed Ahmad (1966), ‘On the Theory of Induced Invention’ 7. M.I. Kamien and N.L. Schwartz (1969), ‘Induced Factor Augmenting Technical Progress from a Microeconomic Viewpoint’ 8. William D. Nordhaus (1969), ‘An Economic Theory of Technological Change’ 9. William Fellner (1971), ‘Empirical Support for the Theory of Induced Innovations’ PART III ENDOGENOUS INNOVATION 10. Kenneth J. Arrow (1962), ‘The Economic Implications of Learning by Doing’ 11. Richard R. Nelson and Sidney G. Winter (1977), ‘In Search of Useful Theory of Innovation’ 12. Paul M. Romer (1990), ‘Endogenous Technological Change’ 13. Robert F. Hébert and Albert N. Link (2006), ‘The Entrepreneur as Innovator’ PART IV SOURCES OF INNOVATION 14. Richard R. Nelson (1959), ‘The Simple Economics of Basic Scientific Research’ 15. Morton I. Kamien and Nancy L. Schwartz (1971), ‘Expenditure Patterns for Risky R and D Projects’ 16. F.M. Scherer (1982), ‘Inter-Industry Technology Flows in the United States’ 17. Wesley M. Cohen and Daniel A. Levinthal (1989), ‘Innovation and Learning: The Two Faces of R&D’ 18. Gary P. Pisano (1996), ‘Learning-Before-Doing in the Development of New Process Technology’ PART V ADOPTION AND DIFFUSION OF INNOVATION 19. Zvi Griliches (1957), ‘Hybrid Corn: An Exploration in the Economics of Technological Change’ 20. Edwin Mansfield (1961), ‘Technical Change and the Rate of Imitation’ 21. Edwin Mansfield (1963), ‘The Speed of Response of Firms to New Techniques’ 22. Kenneth J. Arrow (1969), ‘Classifactory Notes on the Production and Transmission of Technological Knowledge’ 23. Nathan Rosenberg (1972), ‘Factors Affecting the Diffusion of Technology’ 24. Paul A. David (1985), ‘Clio and the Economics of QWERTY’ Name Index

About the Author :
Edited by Albert N. Link,Professor Emeritus and former Virginia Batte Phillips Distinguished Professor, University of North Carolina at Greensboro, US

Review :
'This is an excellent collection of the seminal papers in the economics of innovation. I would think every scholar in the field of innovation economics would find this book a very useful addition to his or her library. The collection is admirable in that it emphasizes the origins of the modern field in work done during the 1950s and 1960s and therefore I would find it very useful as a source of background readings for courses in this area.'- Bronwyn H. Hall, University of California at Berkeley, US'This collection includes some of the most important papers on the economics of invention and innovation over the past half century. It is an essential resource for both researchers and students in this increasingly critical area of economics.'- Gregory C. Tassey, National Institute of Standards and Technology, US