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Innovation, Technology and the Economy
Selected Essays of Edwin Mansfield. Economists of the Twentieth Century Series
Innovation, Technology and the Economy brings together the seminal articles and papers of Edwin Mansfield who during the past forty years has pioneered research in the economics of technical change, a field of enormous importance for analysts and decision makers. This collection presents an unusually full and detailed quantitative analysis based largely on data collected from firms and other economics units. These attractive volumes, which include some of the most frequently cited studies in the field, are concerned with the process of industrial innovation, the nature, composition and effects of industrial research and development, the relationships between technical change, economic growth and inflation, the diffusion of innovations, international technology transfer, public policy toward civilian technology, and intellectual property protection. These topics are central to many current debates among both economic theorists and policymakers.
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What Reviewers Are Saying
'Over the past generation, the processes of innovation and technological change have assumed central positions in the workings of the American and world economies. We are fortunate that an economist of Ed Mansfield's energy and abilities interested himself from an early point in these developments and has continued to provide us with a valuable stream of empirical findings and theoretical insights to help interpret them. This volume of papers, collecting a major part of that work in convenient form, helps us understand the course of innovation, the role that R&D plays in it, the relations between technological change and economic growth, and its impact upon the firm - consequences of technology that reach into every part of economic life.' -- Herbert A. Simon, Carnegie Mellon University, US 'Although most innovation/technology specialists will be familiar with Mansfield's work, these two volumes are worth obtaining and essential for libraries. They would also be helpful to innovation theorists as complementary reading.' -- Joanna Payago-Theotoky, The Economic Journal