NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Rate and Direction of Inventive Activity Revisited

Josh Lerner and Scott Stern, editors

Conference held September 30 - October 2, 2010
Published in March 2012 by University of Chicago Press
© 2012 by the National Bureau of Economic Research

NBER Program(s):PR

More information on purchasing this book
703 pages
ISBN: 0-226-47303-1

Table of Contents

Introduction: Josh Lerner, Scott Stern (p. 1 - 23) (bibliographic info) (download)
Why was "Rate and Direction" So Important?: Nathan Rosenberg, Scott Stern (p. 27 - 34) (bibliographic info) (download)
Some Features of Research by Economists on Technological Change Foreshadowed by "The Rate and Direction of Inventive Activity": Richard R. Nelson (p. 35 - 41) (bibliographic info) (download)
The Economics of Inventive Activity over Fifty Years: Kenneth J. Arrow (p. 43 - 48) (bibliographic info) (download)
1. Funding Scientific Knowledge: Selection, Disclosure and the Public-Private Portfolio: Joshua S. Gans, Fiona Murray (p. 51 - 103) (bibliographic info) (download) (Working Paper version)
       Comment: Suzanne Scotchmer (p. 103 - 105) (bibliographic info) (download)
2. The Diffusion of Scientific Knowledge across Time and Space: Evidence from Professional Transitions for the Superstars of Medicine: Pierre Azoulay, Joshua S. Graff Zivin, Bhaven N. Sampat (p. 107 - 155) (bibliographic info) (download) (Working Paper version)
       Comment: Adam B. Jaffe (p. 156 - 160) (bibliographic info) (download)
3. The Effects of the Foreign Fulbright Program on Knowledge Creation in Science and Engineering: Shulamit Kahn, Megan MacGarvie (p. 161 - 197) (bibliographic info) (download)
       Comment: Paula E. Stephan (p. 197 - 200) (bibliographic info) (download)
4. Schumpeterian Competition and Diseconomies of Scope: Illustrations from the Histories of Microsoft and IBM: Timothy F. Bresnahan, Shane Greenstein, Rebecca M. Henderson (p. 203 - 271) (bibliographic info) (download)
       Comment: Giovanni Dosi (p. 271 - 276) (bibliographic info) (download)
5. How Entrepreneurs Affect the Rate and Direction of Inventive Activity: Daniel F. Spulber (p. 277 - 315) (bibliographic info) (download)
       Comment: Luis Cabral (p. 315 - 318) (bibliographic info) (download)
6. Diversity and Technological Progress: Daron Acemoglu (p. 319 - 356) (bibliographic info) (download) (Working Paper version)
       Comment: Samuel Kortum (p. 357 - 360) (bibliographic info) (download)
7. Competition and Innovation: Did Arrow Hit the Bull's Eye?: Carl Shapiro (p. 361 - 404) (bibliographic info) (download)
       Comment: Michael D. Whinston (p. 404 - 410) (bibliographic info) (download)
8. Did Plant Patents Create the American Rose?: Petra Moser, Paul W. Rhode (p. 413 - 438) (bibliographic info) (download) (Working Paper version)
       Comment: Jeffrey L. Furman (p. 438 - 442) (bibliographic info) (download)
9. The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions: Ralf R. Meisenzahl, Joel Mokyr (p. 443 - 479) (bibliographic info) (download) (Working Paper version)
       Comment: David C. Mowery (p. 479 - 482) (bibliographic info) (download)
10. The Confederacy of Heterogeneous Software Organizations and Heterogeneous Developers: Field Experimental Evidence on Sorting and Worker Effort: Kevin J. Boudreau, Karim R. Lakhani (p. 483 - 502) (bibliographic info) (download)
       Comment: Iain M. Cockburn (p. 502 - 505) (bibliographic info) (download)
The Innovation Fetish among the "Economoi": Introduction to the Panel on Innovation Incentives, Institutions, and Economic Growth: Paul A. David (p. 509 - 514) (bibliographic info) (download)
Innovation Process and Policy: What Do We Learn from New Growth Theory?: Philippe Aghion (p. 515 - 520) (bibliographic info) (download)
11. The Consequences of Financial Innovation: A Counterfactual Research Agenda: Josh Lerner, Peter Tufano (p. 523 - 575) (bibliographic info) (download) (Working Paper version)
       Comment: Antoinette Schoar (p. 576 - 578) (bibliographic info) (download)
12. The Adversity/Hysteresis Effect: Depression-Era Productivity Growth in the U.S. Railroad Sector: Alexander J. Field (p. 579 - 606) (bibliographic info) (download)
       Comment: William Kerr (p. 606 - 609) (bibliographic info) (download)
13. Generality, Recombination, and Reuse: Timothy F. Bresnahan (p. 611 - 656) (bibliographic info) (download)
       Comment: Benjamin Jones (p. 656 - 661) (bibliographic info) (download)
The Art and Science of Innovation Policy: Introduction: Bronwyn H. Hall (p. 665 - 667) (bibliographic info) (download)
Putting Economic Ideas Back into Innovation Policy: R. Glenn Hubbard (p. 669 - 672) (bibliographic info) (download)
Why Is It So Difficult to Translate Innovation Economics into Useful and Applicable Policy Prescriptions?: Dominique Foray (p. 673 - 678) (bibliographic info) (download)
Can the Nelson-Arrow Paradigm Still Be the Beacon of Innovation Policy?: Manuel Trajtenberg (p. 679 - 684) (bibliographic info) (download)
 
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