Innovation Economics: The Race for Global Advantage

''Innovation Economics is a valuable book. The authors are right to warn that America's leadership in several areas has eroded much more rapidly than most Americans think. They are right to argue that classical economists are often blind to the fact that innovation is the product of ecosystems rather than individual companies and that ecosystems are fragile. They are also right to worry that 'innovation mercantilism' can be much more harmful to its targets than traditional mercantilism.' (Business Books Quarterly Review, The Economist) 'Robert D. Atkinson and Stephen J. Ezell forcefully present the argument for the exceptional role that science and technology play in the economy. In their book, Mr. Atkinson and Mr. Ezell define innovation as not only the generation of new ideas but also as their adoption in new products, processes, services and organizational models. In their view, the goal of policy should be to invest in and nurture the development of the innovation pipeline, from basic science to commercialization.' (Steve Lohr, The New York Times)'