Innovation Economics

Innovation Economics

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This important book delivers a critical wake-up call: a fierce global race for innovation advantage is under way, and while other nations are making support for technology and innovation a central tenet of their economic strategies and policies, America lacks a robust innovation policy. What does this portend? Robert Atkinson and Stephen Ezell, widely respected economic thinkers, report on profound new forces that are shaping the global economya€”forces that favor nations with innovation-based economies and innovation policies. Unless the United States enacts public policies to reflect this reality, Americans face the relatively lower standards of living associated with a noncompetitive national economy. The authors explore how a weak innovation economy not only contributed to the Great Recession but is delaying America's recovery from it and how innovation in the United States compares with that in other developed and developing nations. Atkinson and Ezell then lay out a detailed, pragmatic road map for America to regain its global innovation advantage by 2020, as well as maximize the global supply of innovation and promote sustainable globalization.William Nordhaus, a€œSchumpeterian Profits and the Alchemist Fallacya€ (working paper, Department of Economics, Yale University, 2005), ... William Lazonick, a€œ The U.S. Stock Market and the Governance of Innovative Enterprise, a€ Industrial and Corporate Change 16, no. ... Competition and Cooperation: The Game Theory Strategy Thata#39;s Changing the Game of Business (New York: Doubleday, 1998).

Title:Innovation Economics
Author:Robert D. Atkinson, Stephen J. Ezell
Publisher:Yale University Press - 2012-09-04


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