In this paper we argue that government spending played a significant role in stimulating the wave of innovation that hit the U.S. economy in the late 1970s and in the 1980s, as well as the simultaneous increase in inequality and in education attainments. Since the late 1970s U.S. policy makers...

The multiple features of intellectual property rights and industrial competition are explored through the analytically rigorous lens of the frontier of the economics literature. The book covers a broad range of issues ranging from industrial espionage to collective property rights in cultural...