Recent Developments in the Economics of Science and Innovation

This volume presents the most important contributions of the last decade in the fields of science and innovation, demonstrating the key relationship between the two. Early chapters emphasize the intrinsic characteristics of knowledge as an economic activity, and later chapters document the importance of science as an input to technology and innovation. This continuum has pushed the field of economics to investigate in detail the processes that shaped the generation, dissemination, and exploitation of technological knowledge.The ideas of nearly fifty eminent researchers are assembled in this volume. Students of the field at all stages of their careers will benefit from reading this collection.