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Information and intellectual property: The global challenges

Author

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  • Aiyer Ghosh, Rishab

    (UNU-MERIT)

  • Soete, Luc

    (UNU-MERIT)

Abstract

The paper analyses the contribution of 'golden papers' - seminal works whose ideas remain as fresh and relevant today as when they were first published decades ago - and which continue to dominate academic discourse among successive generations of scholars. The authors analyse why two works written within an industrial development context: The simple economics of basic scientific research, by Richard Nelson (1959) and Kenneth Arrows Economic Welfare and the Allocation of Resources for Invention (1962), are so relevant in today’s knowledge-driven economic paradigm. Focusing on the papers’ application to current global policy debates on information/knowledge and intellectual property, they argue that while the context has changed the essential nature of innovation - driven by widespread access to the ability to replicate and improve - remains the same. Hence a focus on endogenous innovation policy is as relevant today as it was 50 years ago.

Suggested Citation

  • Aiyer Ghosh, Rishab & Soete, Luc, 2006. "Information and intellectual property: The global challenges," MERIT Working Papers 2006-029, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2006029
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    References listed on IDEAS

    as
    1. Mowery, David C., 1983. "Industrial Research and Firm Size, Survival, and Growth in American Manufacturing, 1921–1946: An Assessment," The Journal of Economic History, Cambridge University Press, vol. 43(4), pages 953-980, December.
    2. Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
    3. Francisco Sagasti, 2004. "Knowledge and Innovation for Development," Books, Edward Elgar Publishing, number 3306.
    4. Giovanni Dosi & Carolina Castaldi, 2002. "Local and Divergent Patterns of Technological Learning within (Partly) Globalized Markets. Is There Anything New? And What Can Policies Do about It? : A Concise Guide," LEM Papers Series 2002/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 297-297.
    6. Nuvolari, A., 2003. "Open source software development: some historical perspectives," Working Papers 03.01, Eindhoven Center for Innovation Studies.
    7. Nathan ROSENBERG, 2009. "Why do firms do basic research (with their own money)?," World Scientific Book Chapters, in: Nathan Rosenberg (ed.), Studies On Science And The Innovation Process Selected Works of Nathan Rosenberg, chapter 11, pages 225-234, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Soete, Luc, 2008. "Science, Technology and Development: Emerging concepts and visions," MERIT Working Papers 2008-001, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Soete, Luc, 2019. "Science, technology and innovation studies at a crossroad: SPRU as case study," Research Policy, Elsevier, vol. 48(4), pages 849-857.

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    More about this item

    Keywords

    knowledge economy; science and technology; innovation; intellectual property rights; institutional change;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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