Profits Of Science - Softcover

Teitelman, Robert

Softcover

ISBN 10: 0465064167 ISBN 13: 9780465064168

Publisher: Basic Books, 1995

Looking at what happens when science marries money, this book focuses on the interaction of finance with the key frontier technologies of today's era - television, microelectronics and computers, pharmaceuticals, wartime radar and biotechnology. This book reveals how the source of money, whether from corporations, government, venture capital or public markets - shapes the resulting technology. It also shows how the closing gap between basic and applied science results in a particular kind of entrepreneurial enterprise that can exploit it. The book dispenses with the myth that bigness is best. Robert Teitelman is the author of "Gene Dreams: Wall Street", "Academia and the Rise of Biotechnology".

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From the Publisher:

A penetrating dissection of high-tech success and failure since 1945. "A good resource and a pleasure to read."--Wall Street Journal

From Publishers Weekly:

The playfulness of the title is flattened by the weight of the macroeconomic analysis that underlies Teitelman's thesis that there exists a pattern of interaction between technological innovation and capital formation in post-WW II America, with the source of financing determining how the technology will be utilized. A business journalist and author of Gene Dreams , he focuses on three technologies of the 1950s and '60s that sprang from academic wartime research: microelectronics, clinical pharmaceuticals and television. The implicit premise that the American "marriage" of science and manufacturing techonology--officiated by capital--has its own character has been overlooked in recent examinations of postwar Japanese and German business performance. The historical pattern that Teitelman pursues, citing the company histories of Syntex, RCA, Texas Instruments and others, is difficult to prove with three or so case industries. Yet the issue of expanding technologies has rarely seemed so compelling in American history and Teitelman offers convincing evidence that such an economic grail exists--and holds our future.
Copyright 1994 Reed Business Information, Inc.

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