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Financing Innovation in the United States, 1870 to Present (Paperback) Loot Price: R406
Discovery Miles 4 060
You Save: R61 (13%)
Financing Innovation in the United States, 1870 to Present (Paperback): Naomi R. Lamoreaux, Kenneth L. Sokoloff
Financing Innovation in the United States, 1870 to Present (Paperback): Naomi R. Lamoreaux, Kenneth L. Sokoloff

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Financing Innovation in the United States, 1870 to Present (Paperback)

Naomi R. Lamoreaux, Kenneth L. Sokoloff; Foreword by William H. Janeway

Series: Financing Innovation in the United States, 1870 to Present

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List price R467 Loot Price R406 Discovery Miles 4 060 You Save R61 (13%)

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Leading economists and economic historians offer case studies and theoretical perspectives that fill a longstanding gap in the existing literature on technology-driven industrial development, discussing the interaction of finance and technological innovation in the American economy since the Second Industrial Revolution. Although technological change is vital for economic growth, the interaction of finance and technological innovation is rarely studied. This pioneering volume examines the ways in which innovation is funded in the United States. In case studies and theoretical discussions, leading economists and economic historians analyze how inventors and technologically creative entrepreneurs have raised funds for their projects at different stages of U.S. economic development, beginning with the post-Civil War period of the Second Industrial Revolution. Their discussions point to intriguing insights about how the nature of the technology may influence its financing and, conversely, how the availability of funds influences technological advances.These studies show that over the long history of American technological advancement, inventors and innovators have shown considerable flexibility in finding ways to finance their work. They have moved to cities to find groups of local investors; they have worked for large firms that could tap the securities market for funds; they have looked to the federal government for research and development funding; and they have been financed by the venture capital industry. The studies make it clear that methods of funding innovation-whether it is in the auto industry or information technology-have important implications for both the direction of technological change and the competitive dynamism of the economy.

General

Imprint: MIT Press
Country of origin: United States
Series: Financing Innovation in the United States, 1870 to Present
Release date: August 2009
First published: 2007
Editors: Naomi R. Lamoreaux • Kenneth L. Sokoloff
Foreword by: William H. Janeway
Dimensions: 229 x 152 x 30mm (L x W x T)
Format: Paperback - Trade
Pages: 520
ISBN-13: 978-0-262-51332-6
Barcode: 9780262513326
Categories: Promotions
Books > Business & Economics > Economics > Development economics
Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship
Books > Science & Mathematics > Science: general issues > Industrial applications of scientific research & technological innovation
Books > Humanities > History > History of specific subjects > Industrial history
Books > History > History of specific subjects > Industrial history
LSN: 0-262-51332-3

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