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  • 2014
  • Chapter
  • The Cambridge Economic History of Modern Britain

Technology, Innovation and Economic Growth in Britain Since 1870

By: Tom Nicholas
  • Format:Print
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Abstract

This chapter examines technological change in Britain over the last 140 years. It analyzes the effects of patent laws and innovation prizes that were designed to promote technical progress. It explores the challenge associated with the changing organizational structure of innovation and the shift from independent invention to R&D activity taking place inside the boundaries of firms. And it also studies the development of British industrial science in universities and efforts to promote innovation through the formation of industry clusters. Overall, the evidence supports the traditional story of British failure in generating large payoffs from technological development. Although from the early 1970s Britain experienced a revival in the quality of innovation and improved productivity growth, structural weaknesses in the commercialization environment still remain.

Keywords

Information Technology; Organizational Change and Adaptation; History; Economic Growth; Change; Innovation and Invention; Great Britain

Citation

Nicholas, Tom. "Technology, Innovation and Economic Growth in Britain Since 1870." Chap. 7, Vol. 2 of The Cambridge Economic History of Modern Britain. New ed. Edited by Roderick Floud, Jane Humphries, and Paul Johnson, 181–204. Cambridge University Press, 2014.
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About The Author

Tom Nicholas

Entrepreneurial Management
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More from the Author
  • Human Capital and the Managerial Revolution in the United States By: Tom Nicholas
  • Air Wars: Deregulating the U.S. Airline Industry By: Tom Nicholas and James Weber
  • A Soul and a Service: North Carolina Mutual Life Insurance By: Tom Nicholas and John Masko
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