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Title: FINANCING INNOVATION IN THE UNITED STATES, 1870 TO PRESENT
By: Naomi R. Lamoreaux (Editor), Kenneth L. Sokoloff (Editor), William H. Janeway (Foreword)
Format: Hardback

List price: £9.95


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ISBN 10: 0262122898
ISBN 13: 9780262122894
Publisher: MIT PRESS LTD
Pub. date: 23 March, 2007
Series: Financing Innovation in the United States, 1870 to Present
Pages: 520
Description: 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.
Synopsis: 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.
Illustrations: 56 illus.
Publication: US
Imprint: MIT Press
Returns: Returnable
Some other items by this author:
COORDINATION AND INFORMATION (HB)
COORDINATION AND INFORMATION (PB)
CORPORATIONS AND AMERICAN DEMOCRACY (HB)
DOING CAPITALISM IN THE INNOVATION ECONOMY (HB)
DOING CAPITALISM IN THE INNOVATION ECONOMY (HB)
DOING CAPITALISM IN THE INNOVATION ECONOMY (PB)
ECONOMIC DEVELOPMENT IN THE AMERICAS SINCE 1500 (HB)
ECONOMIC DEVELOPMENT IN THE AMERICAS SINCE 1500 (PB)
FINANCING INNOVATION IN THE UNITED STATES, 1870 TO PRESENT (PB)
GREAT MERGER MOVEMENT IN AMERICAN BUSINESS, 1895-1904 (HB)
HUMAN CAPITAL AND INSTITUTIONS
HUMAN CAPITAL AND INSTITUTIONS (HB)
INSIDER LENDING
INSIDER LENDING (HB)
INSIDER LENDING (PB)
LEARNING BY DOING IN MARKETS, FIRMS AND COUNTRIES (HB)
LEARNING BY DOING IN MARKETS, FIRMS AND COUNTRIES (PB)
ORGANIZATIONS, CIVIL SOCIETY, AND THE ROOTS OF DEVELOPMENT (HB)
SLAVERY IN THE DEVELOPMENT OF THE AMERICAS
SLAVERY IN THE DEVELOPMENT OF THE AMERICAS (HB)
SLAVERY IN THE DEVELOPMENT OF THE AMERICAS (PB)
THE CHALLENGE OF REMAINING INNOVATIVE (HB)
THE GREAT MERGER MOVEMENT IN AMERICAN BUSINESS, 1895-1904
THE GREAT MERGER MOVEMENT IN AMERICAN BUSINESS, 1895-1904 (PB)
UNDERSTANDING LONG-RUN ECONOMIC GROWTH (HB)

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