Escalating energy demand may be the most important issue facing the United States and the world today. There is little disagreement that research and development (R&D) is needed to develop new energy technologies for the future; however, there is less agreement over the specific research agenda...

This comprehensive collection presents the classic articles in the economics of invention and innovation. It covers topics related to sources of inventive and innovative activity, including exogenous and endogenous innovation, with an emphasis on R&D activity and the diffusion of new techniques....