The Economics of Innovation: An Introduction

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.

Contents:
Preface
Part I: Context
1. What is the Economics of Innovation About?
2. Innovation in the History of Economic Thought
Part II: Aspects of Innovation
3. Basic Concepts in Innovation
4. Process Innovation
5. Product Innovation
6. Innovative Pricing
7. Network Effects and Standards
8. Intellectual Property
Part III: How Firms Achieve Innovation
9. Innovation and Creativity
10. The Entrepreneur and Innovation
11. Organisation for Innovation
12. Vision and Innovation
13. Clusters and Networks
14. Division of Labour
Part IV: Innovation and the Consumer
15. The Passive Consumer and the Active Consumer
16. The Diffusion of Innovations
Part V: The Effects of Innovation
17. Innovation and Trade
18. Innovation and Market Structure
19. Innovation and Wealth Creation
20. Innovation and Competitiveness
21. Innovation and Sustainability
Part VI: Innovation and Government
22. Innovation and Policy
References
Index