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Economic Welfare and the Allocation of Resources for Invention

  • Kenneth J. Arrow
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© 2016 Princeton University Press, Princeton

© 2016 Princeton University Press, Princeton

Chapters in this book

  1. Frontmatter i
  2. Contents ix
  3. Introduction 1
  4. Part 1. Problems of definition and measurement
  5. Inventive Activity : Problems of Definition and Measurement 19
  6. Some Difficulties in Measuring Inventive Activity 53
  7. Part II. Theory and Macro-quantitative analysis
  8. The Economics of Research and Development 93
  9. The Supply of Inventors and Inventions 143
  10. Does the Market Direct the Relative Factor-Saving Effects of Technological Progress? 171
  11. Changes in Industry and in the State of Knowledge as Determinants of Industrial Invention 195
  12. The Changing Direction of Research and Development Employment Among Firms 233
  13. Locational Differences in Inventive Effort and Their Determinants 253
  14. The Future of Industrial Research and Development 273
  15. Part III. Case studies
  16. Inventions in the Postwar American Aluminum Industry 279
  17. Invention and Innovation in the Petroleum Refining Industry 299
  18. The Origins of the Basic Inventions Underlying Du Pont’s Major Product and Process Innovations, 1920 to 1950 323
  19. Part IV. Nonmarket factors
  20. Intellect and Motive in Scientific Inventors: Implications for Supply 361
  21. Organization and Research and Development Decision Making Within the Decentralized Firm 385
  22. Organization and Research and Development Decision Making Within a Government Department 395
  23. Some Society-Wide Research and Development Institutions 409
  24. Scientific Discovery and the Rate of Invention 441
  25. Part V. Efficiency in research and development
  26. Predictability of the Costs, Time, and Success of Development 461
  27. The Decision Making Problem in Development 477
  28. Strategy and Organization in a System Development Project 509
  29. The Link Between Science and Invention: The Case of the Transistor 549
  30. Part VI. Welfare economics and Inventive activity
  31. Inventive Activity: Government Controls and the Legal Environment 587
  32. Economic Welfare and the Allocation of Resources for Invention 609
  33. Subject index 627
  34. Author index 632
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