Title
Financing Innovation in the United States, 1870 to the Present,Used
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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 technologydriven 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 postCivil 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 innovationwhether it is in the auto industry or information technologyhave important implications for both the direction of technological change and the competitive dynamism of the economy.
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- Q: What is the main focus of 'Financing Innovation in the United States, 1870 to the Present'? A: The book explores the interaction between finance and technological innovation in the American economy, analyzing how these elements have influenced each other since the Second Industrial Revolution.
- Q: Who are the contributors to this book? A: The volume features case studies and theoretical insights from leading economists and economic historians, including Naomi R. Lamoreaux.
- Q: What topics are covered in the case studies? A: The case studies examine various funding methods for innovation throughout U.S. economic development, including local investments, large firms, federal funding, and venture capital.
- Q: How many pages does the book have? A: The book contains 503 pages.
- Q: What is the binding type of this book? A: This edition is available in paperback.
- Q: Is this book suitable for someone with a non-economic background? A: While the book is academically focused, it provides insights that may be valuable to readers interested in the historical context of technological advancements and economic development.
- Q: When was this book published? A: The book was published on January 1, 2009.
- Q: What edition of the book is available? A: This product is a reprint edition.
- Q: What condition is the book in? A: The book is brand new.
- Q: Can this book help understand modern financing methods for innovation? A: Yes, it offers historical perspectives that can shed light on current financing trends and their implications for technological change.