Innovation and Public Policy.

• Author: Goolsbee, Austan

In advanced economies like the United States, innovation has long been recognized as a central force for increasing economic prosperity and improving human health. The US government promotes innovation through various mechanisms, from tax credits for private sector research, to grant support for basic and applied research, to institutions like the Small Business Innovation Research Program of the National Science Foundation.

This book surveys the key components of innovation policy and the social returns to innovation investment. Its authors discuss mechanisms that can advance...