Does anyone know of a “good” and detailed source of information on the contribution of innovation (along the lines of what is measured by R&D spending) to economic growth? Looking for a something that differentiates between basic and applied R&D too. Much thanks to anyone that has knowledge to shar…

I remember Jeffrey Tucker talking about how the Wright brothers made a small adjustment to their plane and then went and patented it. After that went suing a bunch of people for many years. He also talked about the Cotton Gin and Eli Whitney and how the Gin was invented way before him; all he did wa…

Yes? http://store.mises.org/Against-Intellectual-Monopoly-P552.aspx

I have what you need: http://books.google.com/books?id=tLuqjIVJUcoC&printsec=frontcover&dq=Endogenous+Growth+Theory&hl=en&ei=rGQOTOmMJYG8lQfaqbhs&sa=X&oi=book_result&ct=book-thumbnail&resnum=1&ved=0CCkQ6wEwAA Aghion and Howitt’s textbook on endogenous growth theory is very interesting (if dense) r…

Thanks. I will look into endogenous growth theory. Has anyone tried to place R&D / innovation into the Austrian framework? I am not talking about IP. I am interested in the outputs of R&D spending and how does R&D contribute to economic growth.

Well, the best Austrian work on innovation probably goes back to Schumpeter (The Theory of Economic Development is a good place to start). I am not sure if there are any Austrians currently working on this topic. Someone else might be able to point you toward any if they exist.

“Are Internal Capital Markets Good for Innovation?” by Peter Klein Abstract: Which type of firm is more innovative: the decentralized, diversified corporation or the smaller, more narrowly focused “entrepreneurial” firm? According to one argument, diversi- fied corporations can do more R&D because …

Innovation and R&D

Economics Economics Questions

Nielsio June 7, 2010, 8:49am 2

Some of those things are mentioned in here:

The Myth of Science as a Public Good (by Terence Kealey)
http://www.youtube.com/watch?v=C_PVI6V6o-4

Deconstructing the basic research objection - see here

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Innovation and R&D

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