Title: The Induced Innovation Hypothesis: A Comprehensive Analysis
Authors: Freeman, 1994 and Griliches, 1957
Summary: The book explores the concept of induced innovation hypothesis, which suggests that technological advancements are driven by changes in market conditions and government policies. The authors delve into the various factors that influence innovation, such as competition, demand, and regulatory frameworks. They also discuss the role of research and development in fostering innovation and economic growth.
Place of the book: The book is set in the academic world, where scholars and researchers study the dynamics of innovation and its impact on the economy. It is a comprehensive analysis of the induced innovation hypothesis, drawing on empirical evidence and theoretical frameworks to provide a thorough understanding of the subject. The book is aimed at students, academics, and policymakers interested in the intersection of technology, economics, and public policy.