Handbook of The Economics of Innovation, Vol. 1 by Bronwyn H. Hall

By Bronwyn H. Hall

Economists study the genesis of technological switch and the methods we commercialize and diffuse it.  The economics of estate rights and patents, as well as functions, also are surveyed via literature stories and predictions approximately fruitful study directions.

- volumes, to be had as a set or offered separately

Expert articles think about the easiest how you can determine optimum incentives in technological progress

Science and innovation, either their theories and purposes, are tested on the intersections of undefined, coverage, and social welfare

Economists are just a part of an viewers that comes with lawyers, educators, and somebody fascinated about new technologies

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Extra info for Handbook of The Economics of Innovation, Vol. 1

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Ch. 2: The Contribution of Economic History to the Study of Innovation and Technical Change: 1750–1914 33 The impact of electricity on industrial productivity was relatively slow in coming, but there can be little doubt that its consumption transformed society. The story of lighting has been told many times (Bowers, 1998), but the impact of streetcars on daily life and the pattern of urbanization was just as dramatic. In the household, within about 15 year, electricity showed how technology could change cooking, heating, entertainment, cleaning, and the cooling of food and the environment in ways that had never been possible.

From the day Faraday and Hippolyte Pixii built the first dynamos (1831), a multiple of scientists and engineers were occupied in a research effort to tame this phenomenon, which promised so much. Research in electricity shared the three characteristics of nineteenth-century technological change. First, it was multinational, carried out within a community of scholars that had little interest in national identity but only cared about pressing forward. Second, the epistemic base of the techniques that were being developed was emerging more or less hand in hand with the techniques themselves.

Parliament voted pensions and prizes to a few inventors it deemed to have particularly valuable to society, such as smallpox vaccination, the power loom, and the mule. But in most of the areas where we think government may contribute a great deal to innovation, such as education, government-sponsored research, and investment in transport overhead, the British government did little. Continental governments were more interventionist and dirigiste, but even there the government was secondary to private enterprise.

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