The Economics of Science and Innovation


The Economics of Science and Innovation

9781858987552 Edward Elgar Publishing
Edited by Paula E. Stephan, Andrew Young School of Policy Studies, Georgia State University, US and David B. Audretsch, Indiana University, US and the Department of Innovation Management and Entrepreneurship, University of Klagenfurt, Austria
Publication Date: 2000 ISBN: 978 1 85898 755 2 Extent: 1,040 pp
Science and innovation plays an increasingly important role in the growth of economies throughout the world. This two volume collection of previously published articles seeks to provide a comprehensive overview of this key area of the global economy.

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Science and innovation plays an increasingly important role in the growth of economies throughout the world. This two volume collection of previously published articles seeks to provide a comprehensive overview of this key area of the global economy.

The first volume presents important material on scientific knowledge, including property rights and reward structures to the productivity of scientists. In the second volume, the role of science in industry and the commercialization of science are discussed, together with an examination of the economic effects of R&D in terms of investment and gain, both for individual companies and national economies. The final section discusses whether public policies to control scientific growth are either necessary or desirable.
Critical Acclaim
‘The great virtue of such a collection is the opportunity it gives to re-read the classic papers in the subject, all of which I found more complex and more insightful than I had remembered them. It also shows that much more could be achieved if scholars in the field would read one another’s contributions more critically and carefully.’
– Nick von Tunzelmann, Research Policy

‘The great interest of the book is the organisation of each part around a specific subject in a discussion perspective. Rather than simply collecting articles chronologically on each subject, the editors installed a kind of controversial view in each topic. . . . this book is valuable for its pedagogical interest. It is clear that articles have been selected for their simplicity and their capacity to provide a general understanding of the domain in question. . . . two big volumes that will constitute a very good tool for any scholar interested in the question of the place of science in society.’
– L. Dibiaggio, Technovation
48 articles, dating from 1926 to 1998
Contributors include: K. Arrow, P. Dasgupta, P. David, Z. Griliches, E. Mansfield, E. Maskin, R.K. Merton, R.R. Nelson, K. Pavitt, F.M. Scherer

Volume I:
Acknowledgements • Introduction

Part I: An Overview
1. Paula E. Stephan (1996), ‘The Economics of Science’
2. Richard R. Nelson (1959), ‘The Simple Economics of Basic Scientific Research’
3. Nathan Rosenberg and L.E. Birdzell, Jr., ‘Science, Technology and the Western Miracle’
Part II: The Public Nature of Scientific Knowledge
4. Kenneth J. Arrow (1962), ‘Economic Welfare and the Allocation of Resources for Invention’
5. Michel Callon (1994), ‘Is Science a Public Good? Fifth Mullins Lecture’
6. Partha Dasgupta and Paul A. David (1994), ‘Toward a New Economics of Science’
7. Harry G. Johnson (1972), ‘Some Economic Aspects of Science’
Part III: The Production of Scientific Knowledge
8. Mary Frank Fox (1983), ‘Publication Productivity Among Scientists: A Critical Review’
9. Diana Hicks (1995), ‘Published Papers, Tacit Competencies and Corporate Management of the Public/Private Character of Knowledge’
10. Bernard Barber and Renée C. Fox (1962), ‘The Case of the Floppy-Eared Rabbits: An Instance of Serendipity Gained and Serendipity Lost’
Part IV: The Reward Structure of Science
11. Robert K. Merton (1957), ‘Priorities in Scientific Discovery: A Chapter in the Sociology of Science’
12. Harriet Zuckerman (1992), ‘The Proliferation of Prizes: Nobel Complements and Nobel Surrogates in the Reward System of Science’
13. Arthur M. Diamond, Jr. (1986), ‘What is a Citation Worth?’
14. Paula E. Stephan and Sharon G. Levin (1992), ‘How Science is Done; Why Science is Done’
15. Paula E. Stephan and Stephen S. Everhart (1998), ‘The Changing Rewards to Science: The Case of Biotechnology’
Part V: Characteristics of Discovery
16. Partha Dasgupta and Eric Maskin (1987), ‘The Simple Economics of Research Portfolios’
17. Alfred J. Lotka (1926), ‘Statistics: The Frequency Distribution of Scientific Productivity’
18. Robert K. Merton (1968), ‘The Matthew Effect in Science’
Part VI: Priority Rights and Property Rights
19. Partha Dasgupta and Paul A. David (1987), ‘Information Disclosure and the Economics of Science and Technology’
20. Rebecca S. Eisenberg (1987), ‘Proprietary Rights and the Norms of Science in Biotechnology Research’
Part VII: Careers in Science
21. Paul D. Allison and John A. Stewart (1974), ‘Productivity Differences Among Scientists: Evidence for Accumulative Advantage’
22. Sharon G. Levin and Paula E. Stephan (1991), ‘Research Productivity Over the Life Cycle: Evidence for Academic Scientists’
23. Arthur M. Diamond, Jr. (1986), ‘The Life-Cycle Research Productivity of Mathematicians and Scientists’
24. David L. Hull, Peter D. Tessner and Arthur M. Diamond (1978), ‘Planck’s Principle: Do Younger Scientists Accept New Scientific Ideas With Greater Alacrity Than Older Scientists?’
Name Index

Volume II:
Part I: Labor Markets for Scientists
1. Larry R. Leslie and Ronald L. Oaxaca (1993), ‘Scientist and Engineer Supply and Demand’
2. Ronald G. Ehrenberg (1992), ‘The Flow of New Doctorates’
3. R.B. Freeman (1975), ‘Supply and Salary Adjustments to the Changing Science Manpower Market: Physics, 1948-1973’
Part II: Scientists in Industry
4. Wesley M. Cohen and Daniel A. Levinthal (1989), ‘Innovation and Learning: The Two Faces of R&D’
5. Edwin Mansfield (1995), ‘Academic Research Underlying Industrial Innovations: Sources, Characteristics, and Financing’
6. Richard R. Nelson (1962), ‘The Link Between Science and Invention: The Case of the Transistor’
7. Nathan Rosenberg (1990), ‘Why Do Firms Do Basic Research (With Their Own Money)?’
8. Frank R. Lichtenberg (1988), ‘The Private R&D Investment Response to Federal Design and Technical Competitions’
Part III: The Commercialization of Science
9. David B. Audretsch and Paula E. Stephan (1996), ‘Company-Scientist Locational Links: The Case of Biotechnology’
10. Lynne G. Zucker, Michael R. Darby and Marilynn B. Brewer (1998), ‘Intellectual Human Capital and the Birth of U.S. Biotechnology Enterprises’
11. Edwin Mansfield (1991), ‘Academic Research and Industrial Innovation’
12. Keith Pavitt (1991), ‘What Makes Basic Research Economically Useful?’
Part IV: The Relationship Between Science and Technology
13. Nathan Rosenberg (1974), ‘Science, Invention and Economic Growth’
14. F.M. Scherer (1982), ‘Demand-Pull and Technological Invention: Schmookler Revisted’
15. Michael Gibbons and Ron Johnston (1974), ‘The Roles of Science in Technological Innovation’
Part V: Science and Growth
16. Paul M. Romer (1994), ‘The Origins of Endogenous Growth’
Part VI: Knowledge Spillovers
17. Zvi Griliches (1992), ‘The Search for R&D Spillovers’
18. Adam B. Jaffe (1989), ‘Real Effects of Academic Research’
19. David B. Audretsch and Maryann P. Feldman (1996), ‘R&D Spillovers and the Geography of Innovation and Production’
20. Zoltan J. Acs, David B. Audretsch and Maryann P. Feldman (1994), ‘R&D Spillovers and Recipient Firm Size’
21. Lynne G. Zucker, Michael R. Darby and Jeff Armstrong (1998), ‘Geographically Localized Knowledge: Spillovers or Markets?’
Part VII: Public Policy
22. Richard R. Nelson and Paul M. Romer (1996), ‘Science, Economic Growth, and Public Policy’
23. Henry Ergas (1987), ‘Does Technology Policy Matter?’
24. Nathan Rosenberg (1994), ‘Critical Issues in Science Policy Research’
Name Index
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