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New technology is intimately associated with increased economic growth. Those interested in encouraging economic growth would do well to look to the conditions that spur the origins, development, and impact of technology--as well as the circumstances that spur prolific periods of invention, the mother of technology. . . . Various inventions must wait until the rest of the pieces are in place to realize their potential. The roles, goals, interaction, and limits of private industry, government, and research institutions in this process are considered in this volume. Edmonson considers the process to be far too complex to enable the public sector to move it forward effectively. When policy is meant to foster growth by fostering innovation, the proper role of government is clearly outlined as arbiter and facilitator, not "winner-picking." --Choice
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New technology is intimately associated with increased economic growth. Those interested in encouraging economic growth would do well to look to the conditions that spur the origins, development, and impact of technology--as well as the circumstances that spur prolific periods of invention, the mother of technology. . . . Various inventions must wait until the rest of the pieces are in place to realize their potential. The roles, goals, interaction, and limits of private industry, government, and research institutions in this process are considered in this volume. Edmonson considers the process to be far too complex to enable the public sector to move it forward effectively. When policy is meant to foster growth by fostering innovation, the proper role of government is clearly outlined as arbiter and facilitator, not "winner-picking." --Choice
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