Cover: Invention and Economic Growth, from Harvard University PressCover: Invention and Economic Growth in E-DITION

Invention and Economic Growth

Available from De Gruyter »

Product Details

E-DITION

$65.00 • £54.95 • €60.00

ISBN 9780674432833

Publication Date: 01/01/1966

332 pages

27 charts, 49 tables

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Until only recently economists have, partly from conviction, partly for convenience, regarded the growth of technological knowledge as a cause of economic growth which was, at the same time, itself largely independent of economic development. In a pioneering work, Jacob Schmookler investigates whether technological advance and invention are self-generating, or if inventions are inspired by specific demand. After compiling and analyzing a mass of new data painstakingly developed from U.S. patent records and the history of invention since 1800, he presents conclusions that have far-reaching implications for economic theory and social thought.

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