Introduction
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Knowledge and ideas, incentives, and institutions are central for understanding technological change and long-term economic growth. This book bridges the current disconnect between the economics of technological change and the analysis of institutions. The discussion draws on detailed information about the experience of over one hundred thousand ingenious men and women in Britain, France, and the United States, whose inventions helped to create the modern knowledge economy. These results overturn longstanding myths of invention about elites, innovation prizes, and “entrepreneurial states,” and instead highlight the pivotal role of property rights and markets in ideas in explaining technological progress and the wealth of nations.
1994 ◽
Vol 33
(4I)
◽
pp. 327-356
◽
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2001 ◽
Vol 26
(4)
◽
pp. 656-666
◽
2004 ◽
Vol 18
(1)
◽
pp. 63-83
◽
2011 ◽
pp. 1082-1088
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