This book explores the macroeconomic significance of the cloud of technological spillovers surrounding advanced industrial production: How do innovations contribute to economic growth? What policies can help maximize the economic potential of innovation?

On the Cloud of Technology that Surrounds Advanced Production: A Summary of Results -- The Art of Defining, Pricing, and Marketing Advanced Multidimensional Products that Spill Technology -- Spillovers and Innovative Technology Supply: A Literature Survey -- Capturing the Direct and the...

The single most important postulate in economics is what you assume about the totality of all possible states that the economy can be in (the state space). The assumption you make determines the costs of information and learning when exploring that state space, the nature of the equilibrating...