Table of Contents

The New Economics of Technology Policy

The New Economics of Technology Policy

Edited by Dominique Foray

This book focuses on technological policies, in other words all public interventions intended to influence the intensity, composition and direction of technological innovations within a given entity (region, country or group of countries). The editor has gathered together many of the leading scholars in the field to comprehensively explore numerous avenues and pathways of research. The book sheds light on the theory and practice of technological policies by employing modern analytical tools and economic techniques.

Chapter 1: General Introduction

Dominique Foray

Subjects: economics and finance, economics of innovation, innovation and technology, economics of innovation, technology and ict

Extract

Dominique Foray This book focuses on technological policies, in other words all public interventions intended to influence the intensity, composition and direction of technological innovations within a given entity (region, country or group of countries).1 This book explores numerous avenues and pathways in its attempt to shed light on the theory and practice of technological policies, as they can be analysed and documented using modern tools of economic analysis: ● ● ● ● ● ● It examines relatively conventional themes in a subtle way (the questions of research and development subsidies and the financing of innovative firms). It tackles subjects yet to be investigated (such as policies adapted to innovation by users and/or applied within the framework of communities of practice). It takes another look at questions and debates that remain unsettled after decades of academic work (how useful and rational is a so-called mission policy; is there such a thing as a policy adapted to different stages of development?). It opens up new perspectives (for example the selection of priorities and the maintaining of a good balance in the allocation of resources between disciplines or fields of research). It reviews the ranges of indicators available for the development of an economy of innovation and technology on its way to becoming a discipline primarily oriented towards the production of ‘evidence’, intended to inform policy-making and allow its accurate evaluation. It presents case studies, on Switzerland (the homeland of Monte Verità2) and Europe. The ‘fashionable’ themes of the globalization of innovation, the role and effects...