Cover: Patents, Invention, and Economic Change: Data and Selected Essays, from Harvard University PressCover: Patents, Invention, and Economic Change in E-DITION

Patents, Invention, and Economic Change

Data and Selected Essays

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Product Details


$65.00 • £54.95 • €60.00

ISBN 9780674432864

Publication Date: 01/01/1972

292 pages



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The papers collected here represent a valuable sequel to Jacob Schmookler’s monograph Invention and Economic Growth. One of the essays in the first portion of the book is a seminal article on the growth of the American economy, where, for the first time, a “total factor productivity” or “residual” index was computed. The other papers constitute further explorations in the economics of invention and growth. The second part of the volume contains a tabulation of over four hundred time series on patents granted, classified by industry of use. The editors detail Schmookler’s methods of collecting and constructing the time series and indicate the connection between the Patent Office product classification and the author’s rearrangement of them by industrial usage.

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