The Economics of Science and Innovation

Science and innovation plays an increasingly important role in the growth of economies throughout the world. This two volume collection of previously published articles seeks to provide a comprehensive overview of this key area of the global economy. The first volume presents important material on scientific knowledge, including property rights and reward structures to the productivity of scientists. In the second volume, the role of science in industry and the commercialization of science are discussed, together with an examination of the economic effects of R&D in terms of investment and gain, both for individual companies and national economies. The final section discusses whether public policies to control scientific growth are either necessary or desirable.