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Funding Scientific Knowledge -- $t2. The Diffusion of Scientific Knowledge across Time and Space -- $t3. The Effects of the Foreign Fulbright Program on Knowledge Creation in Science and Engineering -- $t4. Schumpeterian Competition and Diseconomies of Scope -- $t5. How Entrepreneurs Affect the Rate and Direction of Inventive Activity -- $t6. Diversity and Technological Progress -- $t7. Competition and Innovation -- $t8. Did Plant Patents Create the American Rose? -- $t9. The Rate and Direction of Invention in the British Industrial Revolution -- $t10. The Confederacy of Heterogeneous Software Organizations and Heterogeneous Developers -- $t11. The Consequences of Financial Innovation -- $t12. The Adversity/ Hysteresis Effect -- $t13. Generality, Recombination, and Reuse -- $tThe Art and Science of Innovation Policy -- $tPutting Economic Ideas Back into Innovation Policy -- $tWhy Is It So Difficult to Translate Innovation Economics into Useful and Applicable Policy Prescriptions? -- $tCan the Nelson- Arrow Paradigm Still Be the Beacon of Innovation Policy? -- $tContributors -- $tAuthor Index -- $tSubject Index 330 $aWhile the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This volume offers new theoretical and empirical contributions to fundamental questions relating to the economics of innovation and technological change while revisiting the findings of a classic book. Central to the development of new technologies are institutional environments, and among the topics discussed here are the roles played by universities and other nonprofit research institutions and the ways in which the allocation of funds between the public and private sectors affects innovation. Other essays examine the practice of open research and how the diffusion of information technology influences the economics of knowledge accumulation. Analytically sophisticated and broad in scope, this book addresses a key topic at a time when economic growth is all the more topical. 410 0$aNational Bureau of Economic Research conference report. 606 $aInventions$vCongresses 606 $aTechnological innovations$xEconomic aspects$vCongresses 606 $aDiscoveries in science$vCongresses 606 $aAcademic-industrial collaboration$vCongresses 615 0$aInventions 615 0$aTechnological innovations$xEconomic aspects 615 0$aDiscoveries in science 615 0$aAcademic-industrial collaboration 676 $a338/.064 701 $aLerner$b Joshua$0126643 701 $aStern$b Scott$f1969-$01807528 712 02$aNational Bureau of Economic Research. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910973963403321 996 $aThe rate and direction of inventive activity revisited$94357311 997 $aUNINA