The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms.
This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, this exceptional book elaborates an understanding of the effects of the introduction of new technologies.
This excellent, comprehensive account from respected expert Antonelli will be much appreciated within the innovation economics community, yet it is also a book that should be read by all those with either a private or professional interest in economic theory.
'Overall, the book should be recommended to any scholar's bookshelf where technological and structural change are of interest. For the many who believe in such an interdependence, this work is obligatory reading and a highly valuable teaching and reference aid.' - Research Policy
Part 1: The Building Blocks
2. Shifting Heuristics in the Economics of Innovation
3. The Retrieval of the Economics of Technical Change
Part 2: Innovation and Structural Change
4. Composition Effects: The Direction of Technological Change and its Context of Introduction
5. New Technologies and Structural Change: Constraints and Inducements to Innovation
6. Industrial Dynamics and Technological Change
7. The Dynamics of Factors Markets and Technological Change
8. Production Innovation and Barriers to Entry
9. Relative Prices and International Competition in the Global Economy
10. Feed-backs Path Dependence and Evolution
Part 3: Application and Implications
11. Understanding the Economics of New Information and Communication Technology in the Global Economy
12. Policy Implications: An European Perspective