Economics of Industrial Innovation

Chris Freeman (Professor Emeritus, Science Policy Research Unit, University of Sussex) (Author),Luc Soete (Professor of International Economics, University of Maastricht, Netherlands)

• Part 1 Rise of science-related technology: introduction; evolutionary theory in economics and technical change; process innovations; materials innovations; product and system innovation; paradigm change. Part 2 Innovations and the firms: the microeconomics of innovation; success and failure, the role of marketing and user-producer networks; innovation, size of firm, economies of scale and scope; uncertainty, project evaluation and finance of innovation, management strategy and theory of the firm. Part 3 Macroeconomics of innovation - science, technology and economic growth; globalization and multinational corporations; underdevelopment and catching up. Part 4 Innovation and public policies: market failure and aspects of public support for innovation; technical change, employment and skills; environmental issues; technological assessment. Appendix: measurement and definitions.