This paper is the Introduction to Recent Developments in the Economics of Science and Innovation (Edward Elgar, 2014). The causes and consequences of the general efficiency of labor and the associated changes in the production, consumption, and distribution brought about by the introduction of...

In the United States, as in most industrialized nations, aggregate technological advancement declined during the 1970s and early 1980s. The U.S. Congress was quick to respond to this down turn by passing a number of technology- and innovation-related initiatives, one of which was the National...

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....