" How and how much should we seek R&D knowledge to pursue 21st
century human and economic goals? The valid options are clearly
presented here with incomparable diversity and depth of thought."
Robert W. Galvin, Motorola, Inc. What are the links between
technology and the economy? How much does research and development
contribute to economic growth and productivity? In 1972, the
National Science Foundation sponsored an historic colloquium on
research and development and economic growth/productivity. At that
time, the entire field of inquiry was in its infancy. Since then, a
great deal of research has been devoted to the subject. This
authoritative volume revisits the themes of the original conference
and summarizes the contributions of research to the economy and
society since that time. In this volume, some of the nation's most
distinguished economists and science policy specialists assess the
current state of knowledge and note the advances since the initial
colloquium; examine recent contributions in light of the heightened
awareness of the complexity of the R&D process and the
increased international competition in many high-technology
sectors; and review the broader implications of the contributions
of research in areas such as education, health, the environment,
and quality of life. They present a broad and up-to-date summary of
how R&D and innovation contribute to economic growth and
society. Their essays address such issues as the contributions of
targeted national research investment, the differences in social
and private rates of return from research, the appropriate mix of
public and private support for research, and other critical issues.
While the bookauthoritatively answers many questions, new
analytical and policy puzzles have arisen. As the nation moves into
a new era, the context and assumptions underlying the research
system have undergone a transformation. The future roles of
industrial research departments, national laboratories, and
research universities will be subject to intense debate and
scrutiny. This volume presents compelling evidence of the
continuing importance of research and technology to vital national
goals. In addition to the editors, the contributors are Michael J.
Boskin, Harvey Brooks, Susan E. Cozzens, Bronwyn H. Hall, Lawrence
J. Lau, Shirley M. Malcom, Edwin Mansfield, Ernest J. Moniz, David
C. Mowery, Van Doorn Ooms, Paul Romer, and Charles L. Schultze.
Copublished with the American Enterprise Institute
General
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