The Economics of Industrial Innovation - 3rd Edition

Technical innovation has moved to center stage in contemporary debates on economic theory and policy, and Chris Freeman and Luc Soete have played a prominent part in these debates. For this new edition of The Economics of Industrial Innovation, they have rewritten all the existing chapters and added ten new ones that address recent advances in theory and in policymaking. In the new chapters they deal with the international dimensions of technical change including underdevelopment, technology transfer, international trade, and globalization. They have also strengthened the historical account of the rise of new technologies, a main feature of earlier editions. They take advantage of their experience on projects for the O.E.C.D., the European Union, and industry in other new chapters on "The Information Society" and on environmental issues, as well as in the updated discussion of science and technology policy.

Chris Freeman is Professor Emeritus at the Science Policy Research Unit at the University of Sussex, U.K. Luc Soete is Director of MERIT (Maastricht Economics Research Institute on Innovation and Technology) and Professor of International Economics at the University of Maastricht, the Netherlands.