For almost fifty years now, following the trail of issues raised by economists such as Hayek, Schumpeter, Kirzner and Arrow, researchers have studied the economics of technological change and the problem of allocation of resources for invention (invention being the production of information)....

In his book "Invention," Professor Norbert Wiener (1993), commenting on the relative importance accorded to individuals and institutions in historical narratives of science and inventions, asks us to imagine Shakespeare's "Romeo and Juliet" without either Romeo or the balcony. The story is just...

Preface1. PrimerPart 1: Motivation1. Introduction: A pluralistic approach to entrepreneurship research2. The Sciences of the Artificial (Herbert A. Simon) 3. Three Varieties of Knowledge (Donald Davidson)4. The Market as a Creative Process (James M. Buchanan and Viktor J. Vanberg)Part 2: Maker5....

Accounts of economic change recognize that markets create selective pressures for the adaptation of technologies in the direction of customer needs and production efficiencies. However, non-adaptational bases for technological change are rarely highlighted, despite their pervasiveness in the...