Inventing Ideas
Patents, Prizes, and the Knowledge Economy
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Product details:
- Publisher OUP USA
- Date of Publication 21 July 2020
- ISBN 9780190936075
- Binding Hardback
- No. of pages478 pages
- Size 160x243x30 mm
- Weight 798 g
- Language English 80
Categories
Short description:
Based on original archival research, Inventing Ideas sheds light on the origins of the knowledge economy through empirical analysis of over one hundred thousand inventors and innovations in Britain, France, and the United States during the first and second industrial revolutions.
MoreLong description:
What determines why some countries succeed and others fall behind?
Economists have long debated the sources of economic growth, resulting in conflicting and often inaccurate claims about the role of the state, knowledge, patented ideas, monopolies, grand innovation prizes, and the nature of disruptive technologies.
B. Zorina Khan's Inventing Ideas overturns conventional thinking and meticulously demonstrates how and why the mechanism design of institutions propels advances in the knowledge economy and ultimately shapes the fate of nations. Drawing on the experiences of over 100,000 inventors and innovations from Britain, France, and the United States during the first and second industrial revolutions (1750-1930), Khan's comprehensive empirical analysis provides a definitive micro-foundation for endogenous macroeconomic growth models.
This groundbreaking study uses comparative analysis across time and place to show how different institutions affect technological innovation and growth. Khan demonstrates how top-down innovation systems, in which elites, state administrators, or panels make key economic decisions about prizes, rewards and the allocation of resources, prove to be ineffective and unproductive. By contrast, open-access markets in patented ideas increase the scale and scope of creativity, foster diversity and inclusiveness, generate greater knowledge spillovers, and enhance social welfare in the wider population.
When institutions are associated with rewards that are misaligned with economic value and productivity, the negative consequences can accumulate and reduce comparative advantage at the level of individuals and nations alike. So who will arise as the global leader of the twenty-first century? The answer depends on the extent to which we learn and implement the lessons from the history of innovation and enterprise.
Drawing on records of over 100,000 inventors and innovators in Britain, France, and the US, Khan builds a solid case. She is especially adept at debunking the idea that innovation prizes work better than patents, and she includes pathbreaking work on female innovators.
Table of Contents:
Chapter 1 Introduction: Knowledge, Institutions and Progress
Chapter 2 Trolls and Other Patent Inventions
Chapter 3 Inventing Prizes
Chapter 4 Elites and Useful Knowledge in Britain
Chapter 5 Prestige and Profit: The Royal Society of Arts
Chapter 6 Administered Invention in France
Chapter 7 Going for Gold: Prizing Innovation
Chapter 8 “Creative Destruction:” War and Technology
Chapter 9 Of Apples and Ideas: Knowledge Spillovers in Patents and Prizes
Chapter 10 Designing Women: Gender and Innovation
Chapter 11 Selling Ideas: Global Markets for Patented Inventions
Chapter 12 Innovations in Law
Chapter 13 National Innovation Systems and Innovation in Nations
Chapter 14 Conclusion: Now and Then
Appendix
