Building Effective “Innovation Systems” Versus Dealing with “Market Failures” as Ways of Thinking about Technology Policy
In this essay I compare two different theoretical frameworks in economics for orientinganalysis of issues in technology policy. One is a neoclassical framework that sees appropriatepolicies as dealing with “market failures”. The other framework is provided by an evolutionaryand institutional approach to economic analysis that sees appropriate policies as building ormaintaining an effective “innovation system”. It should be no surprise that I believe the latterframework is the more useful one. I begin by laying out the key general differences betweenthe two broad theoretical frameworks, and how they lead to different perspectives on technology policy....
Year of publication: |
2008-05-01
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Authors: | Nelson, Richard R. |
Institutions: | Manchester Business School |
Subject: | Innovationsmanagement | Technologiemanagement | technology management | Wirtschaftstheorie | Marktversagen | market failure |
Saved in:
freely available
Extent: | 91136 bytes 19 p. application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Classification: | Business administration. Other aspects ; Operations research. Other aspects ; Individual Working Papers, Preprints ; No country specification |
Source: | USB Cologne (business full texts) |
Persistent link: https://www.econbiz.de/10005870605
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