Edward Elgar Publishing The Economics of Science and Innovation (The International Library of Critical Writings in Economics series)

Product Description 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. Review '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.' About the Author 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