This work analyzes the role and importance of investment in knowledge and fixed capital as two distinct sources of technological change. It seeks to show that investment in fixed capital still represents the most relevant and widespread source innovation across firms and industrial sectors.
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'This book explores the circular relations between innovation and investments, in doing so it provides a new original bridge between the classical and post-Keynesian traditions of analysis of investment and the neo-Schumpeterian approach to the knowledge based economy.' - Cristiano Antonelli, University of Torino, Italy 'Rinaldo Evangelista's book is a major step forward in the analysis of technological change. By comparing and contrasting embodied and disembodied forms of technology, he is able to give a much more complete analysis of technological change, its patterns and its costs. The findings should become central to empirical studies of national systems of innovation as well as to conceptualizing technology.' - -- Science and Technology Policy Research, University of Sussex, UK
About the Author
Researcher, Institute for Studies on Scientific Research and Documentation, National Research Council of Italy, Rome
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