This major textbook provides a comprehensive yet accessible
introduction to the economics of innovation, written for students
with some basic knowledge of economics. G.M. Peter Swann contends
that innovation is one of the most important economic and business
phenomena of our time and a topic of great practical and policy
interest, with widespread implications for our economy and society.
This book engages with the reader to explore some of the key
economic issues concerning innovation. Bridging a gap in the
literature, this timely textbook addresses critical questions such
as: How should different aspects of innovation be described and
classified? What are the incentives to innovate? How should firms
organize themselves to promote innovation? What are the effects of
innovation on the economy? Do governments have a role in supporting
and guiding innovation? Introducing the student to a broad range of
issues surrounding the economics of innovation, this text will
prove invaluable to students on a variety of courses including
economics, business and management, innovation, and science and
technology studies.
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