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Publications
Publications
  • 2012
  • Book

The Rate and Direction of Inventive Activity Revisited

By: Josh Lerner and Scott Stern
  • Format:Print
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Abstract

While the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This volume offers new theoretical and empirical contributions to fundamental questions relating to the economics of innovation and technological change while revisiting the findings of a classic book. Central to the development of new technologies are institutional environments, and among the topics discussed here are the roles played by universities and other nonprofit research institutions and the ways in which the allocation of funds between the public and private sectors affects innovation. Other essays examine the practice of open research and how the diffusion of information technology influences the economics of knowledge accumulation. Analytically sophisticated and broad in scope, this book addresses a key topic at a time when economic growth is all the more topical.

Keywords

Technological Innovation; Opportunities; Nonprofit Organizations; Resource Allocation; Economic Growth; Research And Development

Citation

Lerner, Josh and Scott Stern, eds. The Rate and Direction of Inventive Activity Revisited. University of Chicago Press, 2012.
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About The Author

Josh Lerner

Entrepreneurial Management
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More from the Authors

    • 2020
    • Faculty Research

    Fencing Off Silicon Valley: Cross-Border Venture Capital and Technology Spillovers

    By: Ufuk Akcigit, Sina T. Ates, Josh Lerner, Richard Townsend and Yulia Zhestkova
    • Summer 2020
    • Journal of Economic Perspectives

    Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn

    By: Josh Lerner and Ramana Nanda
    • 2021
    • Faculty Research

    Two Case Studies on the Financing of Forest Conservation

    By: Andrew Baxter, Connor Cash, Josh Lerner and Ratnika Prasad
More from the Authors
  • Fencing Off Silicon Valley: Cross-Border Venture Capital and Technology Spillovers By: Ufuk Akcigit, Sina T. Ates, Josh Lerner, Richard Townsend and Yulia Zhestkova
  • Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn By: Josh Lerner and Ramana Nanda
  • Two Case Studies on the Financing of Forest Conservation By: Andrew Baxter, Connor Cash, Josh Lerner and Ratnika Prasad
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