In work published in the 1980's Yujro Hayami and I elaborated a theory of institutional innovations in which institutional changes are induced, on the demand side, by changes in relative resource endowments and technical change and, on the supply side, by changes in cultural endowments and...

In the new science and technology policy literature that emerged in the early 1980s it was held, while public support for science is appropriate, public support for technology development represents an unproductive use of public resources. The perspective that emerges in my recent book,...

During the late 1990's, a spurt of growth in output and productivity led the business press, and some economists, to proclaim that the economy had entered a new era in which the old rules that governed cyclical and secular growth in the past no longer obtained. In the paper I present the results...

The purpose of this paper is to demonstrate that military and defense related research and procurement have been a major source of commercial technology development across a broad spectrum of industries that account for an important share of United States industrial production. I discuss the...