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Technological Change in the Modern Economy

Basic Topics and New Developments Paul Beije, Associate Professor of Management of Innovation, Erasmus University Rotterdam and Head, Department of Knowledge, Economy and Innovation, TNO-STB, The Netherlands
Technological Change in the Modern Economy presents an authoritative overview of the economics of technological change. Using an empirical foundation, it examines the economic causes and effects of technological innovation. It also analyzes the process of innovation itself.
Extent: 304 pp
Hardback Price: $145.00 Web: $130.50
Publication Date: 1999
ISBN: 978 1 85898 331 8
Availability: In Stock
Paperback Price: $49.00 Web: $39.20
Publication Date: 2000
ISBN: 978 1 84064 462 3
Availability: In Stock
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  • Economics and Finance
  • Economics of Innovation
  • Innovation and Technology
  • Economics of Innovation
Technological Change in the Modern Economy presents an authoritative overview of the economics of technological change. Using an empirical foundation, it examines the economic causes and effects of technological innovation. It also analyzes the process of innovation itself.

The author first provides an introduction to innovation and technical change. He expands this to include issues such as innovation and economic growth, the organization of innovation, innovation and competition and the role of government. He also discusses new topics such as technological cooperation, the spillover effects of research, the firm as a learning organization and national systems of innovation. These issues are analysed empirically, employing theoretical explanations to support case studies on Europe, The United States and Japan. The book uses an institutional economics approach, discussing the role of various actors, such as individual inventors, research departments of private firms and public research institutes.

The book will provide an introduction to the economics of innovation for advanced undergraduates and for managers and public administrators involved in innovation. It will also be of interest to those studying industrial organization and institutional economics, and will be accessible to those from business administration and management science.
‘It is rare to encounter a scholar who is familiar with all the various literatures and paradigms and can communicate them in a manner that is accessible to students. I am pleased to report that Paul Beije has successfully accomplished this laudable objective in this highly readable and timely book. . . it is a valuable contribution to our understanding of the role of technological change in a knowledge-based economy. I look forward to reading the second edition.’
– D. Siegel, Education Economics

‘Technological Change in the Modern Economy is a valuable and quite complete survey of the existing economic knowledge on technical change. . . the book can be highly recommended to anyone who is working or teaching in the field of the economics of innovation.’
– Gert-Jan Hospers, Kyklos

‘Paul Beije has improved upon the normal coverage of texts on the economics of technological change. His book reflects more up-to-date thinking, including evolutionary and historical approaches, and an integration of corporate strategy material with the more standard micro-analysis.’
– John Cantwell, Rutgers University, US

‘It is a comprehensive and scholarly account of recent developments in the economics of innovation. It is particularly good on the patterns of technological cooperation, both horizontal and vertical, and the role of government in stimulating innovation. The author uses excellent examples to illustrate his theoretical points, which are informed by a thorough understanding of the relevant recent developments. This will be a valuable text for students of economics and management throughout Europe and North America.’
– Christopher Freeman, SPRU – Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The Netherlands
Contents: Preface 1. What is Innovation? 2. Innovation and Economic Growth 3. The Nature and Organization of the Innovation Process 4. Main Problems at the Micro Level 5. The Nature of Technological Competition 6. The Role of Government in Stimulating Innovation 7. The Firm as a Learning Organization 8. Private Patterns of Technological Cooperation 9. The Organization of Vertical Technological Cooperation 10. The Organization of Horizontal Cooperation 11. National Systems of Innovation Index