Innovation Policy and the Economy, Volume 5.

• Position: Bureau Books

Innovation Policy and the Economy, Volume 5, edited by Adam B. Jaffe, Josh Lerner, and Scott Stern, available from the MIT Press. The paperback volume price is $30.00, the clothbound volume is $60.00.

This volume is the latest in an annual NBER conference series. It covers such topics as the implications of software outsourcing for American technology leadership; the complementary roles of large corporations and entrepreneurs in developing innovative technology; city level policy and planning that establishes a "jurisdictional advantage" in the value of local resources; the effect of taxes on entrepreneurship; and how to incorporate renovation into the analysis of business mergers. These papers highlight the role of economic theory and empirical analysis in...