The Economic Theory of Invention and Innovation (International Library of Critical Writings in Economics)

This comprehensive collection presents the classic articles in the economics of invention and innovation. It covers topics related to sources of inventive and innovative activity, including exogenous and endogenous innovation, with an emphasis on R&D activity and the diffusion of new techniques. Professor Link has prepared an original introduction, which offers an authoritative overview of a subject that is of growing importance to both economists and management scientists.