IDEAS home Printed from https://ideas.repec.org/a/ksp/journ5/v5y2018i1p65-84.html

Evolution of the economics of science in the Twenty Century

Author

Listed:
  • Mario COCCIA

    (Arizona State University, Interdisciplinary Science and Technology Building 1 (ISBT1) 550 E. Orange Street, Tempe- AZ 85287-4804 USA.)

Abstract

A new discipline analyses the role of science in society: the economics of scientific research. The purpose of this paper is to investigate the origins, nature, evolution and structure of the economics of scientific research. The paper suggests that one of the first scholars that has tried to systematize this discipline is Paul Freedman with the book “The principles of scientific research” published in London in 1949 by Pergamon Press. In addition, the study here also endeavours to show whenever possible the evolution of this discipline through central topics from emerging research fields.

Suggested Citation

  • Mario COCCIA, 2018. "Evolution of the economics of science in the Twenty Century," Journal of Economics Library, KSP Journals, vol. 5(1), pages 65-84, March.
    • Handle: RePEc:ksp:journ5:v:5:y:2018:i:1:p:65-84
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEL/article/download/1577/1589
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEL/article/view/1577
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Etzkowitz, Henry & Leydesdorff, Loet, 2000. "The dynamics of innovation: from National Systems and "Mode 2" to a Triple Helix of university-industry-government relations," Research Policy, Elsevier, vol. 29(2), pages 109-123, February.
    2. Jacqueline Senker, 2001. "Changing organisation of public-sector research in Europe — implications for benchmarking human resources in RTD," Science and Public Policy, Oxford University Press, vol. 28(4), pages 277-284, August.
    3. Richard Nelson, 1962. "The Link Between Science and Invention: The Case of the Transistor," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 549-584, National Bureau of Economic Research, Inc.
    4. Mario COCCIA, 2018. "The relation between terrorism and high population growth," Journal of Economics and Political Economy, KSP Journals, vol. 5(1), pages 84-104, March.
    5. Collins, Peter & Wyatt, Suzanne, 1988. "Citations in patents to the basic research literature," Research Policy, Elsevier, vol. 17(2), pages 65-74, April.
    6. Levin, Sharon G & Stephan, Paula E, 1991. "Research Productivity over the Life Cycle: Evidence for Academic Scientists," American Economic Review, American Economic Association, vol. 81(1), pages 114-132, March.
    7. Mario Coccia, 2007. "A new taxonomy of country performance and risk based on economic and technological indicators," Journal of Applied Economics, Universidad del CEMA, vol. 10, pages 29-42, May.
    8. Stephan, Paula E & Everhart, Stephen S, 1998. "The Changing Rewards to Science: The Case of Biotechnology," Small Business Economics, Springer, vol. 10(2), pages 141-151, March.
    9. Mario COCCIA, 2018. "Theorem of not independence of any technological innovation," Journal of Economics Bibliography, KSP Journals, vol. 5(1), pages 29-35, March.
    10. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    11. Zoltan J. Acs & David B. Audretsch & Maryann P. Feldman, 2008. "R&D Spillovers and Recipient Firm Size," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 8, pages 88-94, Edward Elgar Publishing.
    12. Mansfield, Edwin, 1991. "Academic research and industrial innovation," Research Policy, Elsevier, vol. 20(1), pages 1-12, February.
    13. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    14. Dasgupta, Partha & Maskin, Eric, 1987. "The Simple Economics of Research Portfolios," Economic Journal, Royal Economic Society, vol. 97(387), pages 581-595, September.
    15. Mario COCCIA, 2018. "The origins of the economics of Innovation," Journal of Economic and Social Thought, KSP Journals, vol. 5(1), pages 9-28, March.
    16. Coccia, Mario, 2018. "A Theory of the General Causes of Long Waves: War, General Purpose Technologies, and Economic Change," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 287-295.
    17. Rosenberg,Nathan, 1994. "Exploring the Black Box," Cambridge Books, Cambridge University Press, number 9780521459556, November.
    18. repec:fth:harver:1473 is not listed on IDEAS
    19. Gibbons, Michael & Johnston, Ron, 1974. "The roles of science in technological innovation," Research Policy, Elsevier, vol. 3(3), pages 220-242, November.
    20. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    21. Mario COCCIA, 2017. "Disruptive firms and industrial change," Journal of Economic and Social Thought, KSP Journals, vol. 4(4), pages 437-450, December.
    22. Mario COCCIA, 2017. "The Fishbone diagram to identify, systematize and analyze the sources of general purpose technologies," Journal of Social and Administrative Sciences, KSP Journals, vol. 4(4), pages 291-303, December.
    23. Mario COCCIA, 2018. "Violent crime driven by income Inequality between countries," Turkish Economic Review, KSP Journals, vol. 5(1), pages 33-55, March.
    24. Loet Leydesdorff & Henry Etzkowitz, 2003. "Can ‘the public’ be considered as a fourth helix in university-industry-government relations? Report on the Fourth Triple Helix Conference, 2002," Science and Public Policy, Oxford University Press, vol. 30(1), pages 55-61, February.
    25. Partha, Dasgupta & David, Paul A., 1994. "Toward a new economics of science," Research Policy, Elsevier, vol. 23(5), pages 487-521, September.
    26. Giuseppe Calabrese & Mario Coccia & Secondo Rolfo, 2005. "Strategy and market management of new product development and incremental innovation: evidence from Italian SMEs," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 2(1/2), pages 170-189.
    27. Healey, Peter & Rothman, Harry & Hoch, Paul K., 1986. "An experiment in science mapping for research planning," Research Policy, Elsevier, vol. 15(5), pages 233-251, October.
    28. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343, National Bureau of Economic Research, Inc.
    29. Audretsch, David B & Feldman, Maryann P, 1996. "R&D Spillovers and the Geography of Innovation and Production," American Economic Review, American Economic Association, vol. 86(3), pages 630-640, June.
    30. Coccia, Mario, 2010. "Energy metrics for driving competitiveness of countries: Energy weakness magnitude, GDP per barrel and barrels per capita," Energy Policy, Elsevier, vol. 38(3), pages 1330-1339, March.
    31. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-970, December.
    32. Mario Coccia, 2006. "Classifications of innovations: Survey and future directions," CERIS Working Paper 200602, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    33. Mario Coccia & Barry Bozeman, 2016. "Allometric models to measure and analyze the evolution of international research collaboration," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(3), pages 1065-1084, September.
    34. Mario Coccia & Ugo Finardi & Diego Margon, 2012. "Current trends in nanotechnology research across worldwide geo-economic players," The Journal of Technology Transfer, Springer, vol. 37(5), pages 777-787, October.
    35. Hicks, Diana, 1995. "Published Papers, Tacit Competencies and Corporate Management of the Public/Private Character of Knowledge," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 4(2), pages 401-424.
    36. Partha Dasgupta & Paul A. David, 1987. "Information Disclosure and the Economics of Science and Technology," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Arrow and the Ascent of Modern Economic Theory, chapter 16, pages 519-542, Palgrave Macmillan.
    37. Zucker, Lynne G & Darby, Michael R & Armstrong, Jeff, 1998. "Geographically Localized Knowledge: Spillovers or Markets?," Economic Inquiry, Western Economic Association International, vol. 36(1), pages 65-86, January.
    38. Narin, Francis & Hamilton, Kimberly S. & Olivastro, Dominic, 1997. "The increasing linkage between U.S. technology and public science," Research Policy, Elsevier, vol. 26(3), pages 317-330, October.
    39. 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.
    40. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
    41. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mario Coccia, 2020. "The evolution of scientific disciplines in applied sciences: dynamics and empirical properties of experimental physics," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(1), pages 451-487, July.
    2. Mario COCCIA, 2018. "The relation between terrorism and high population growth," Journal of Economics and Political Economy, KSP Journals, vol. 5(1), pages 84-104, March.
    3. Mario COCCIA, 2018. "Violent crime driven by income Inequality between countries," Turkish Economic Review, EconSciences Journals, vol. 5(1), pages 33-55, March.
    4. Mario COCCIA, 2018. "Theorem of not independence of any technological innovation," Journal of Economics Bibliography, KSP Journals, vol. 5(1), pages 29-35, March.
    5. Mario COCCIA, 2018. "The origins of the economics of Innovation," Journal of Economic and Social Thought, KSP Journals, vol. 5(1), pages 9-28, March.
    6. Mario COCCIA, 2018. "Types of government and innovative performance of countries," Journal of Social and Administrative Sciences, KSP Journals, vol. 5(1), pages 15-33, March.
    7. Alonso Rodríguez-Navarro & Ricardo Brito, 2022. "The link between countries’ economic and scientific wealth has a complex dependence on technological activity and research policy," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(5), pages 2871-2896, May.
    8. Mario COCCIA, 2018. "Violent crime driven by income Inequality between countries," Turkish Economic Review, KSP Journals, vol. 5(1), pages 33-55, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stephan, Paula E., 2010. "The Economics of Science," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 217-273, Elsevier.
    2. Mario COCCIA, 2018. "Competition between basic and applied research in the organizational behaviour of public research labs," Journal of Economics Library, EconSciences Journals, vol. 5(2), pages 118-133, June.
    3. Mario COCCIA, 2018. "Types of government and innovative performance of countries," Journal of Social and Administrative Sciences, KSP Journals, vol. 5(1), pages 15-33, March.
    4. Mario COCCIA, 2018. "The relation between terrorism and high population growth," Journal of Economics and Political Economy, KSP Journals, vol. 5(1), pages 84-104, March.
    5. Mario COCCIA, 2018. "The origins of the economics of Innovation," Journal of Economic and Social Thought, KSP Journals, vol. 5(1), pages 9-28, March.
    6. Mario COCCIA, 2018. "Violent crime driven by income Inequality between countries," Turkish Economic Review, KSP Journals, vol. 5(1), pages 33-55, March.
    7. Mario COCCIA, 2018. "Motivations of scientific research in society," Journal of Social and Administrative Sciences, EconSciences Journals, vol. 5(3), pages 196-216, September.
    8. Mario Coccia, 2006. "Economic and social studies of scientific research: nature and origins," CERIS Working Paper 200607, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    9. Mario COCCIA, 2018. "The relation between terrorism and high population growth," Journal of Economics and Political Economy, EconSciences Journals, vol. 5(1), pages 84-104, March.
    10. Mario COCCIA & Matteo BELLITTO, 2018. "Human progress and its socioeconomic effects in society," Journal of Economic and Social Thought, EconSciences Journals, vol. 5(2), pages 160-178, June.
    11. Cohen, Wesley M., 2010. "Fifty Years of Empirical Studies of Innovative Activity and Performance," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 129-213, Elsevier.
    12. Mario COCCIA, 2018. "An introduction to the methods of inquiry in social sciences," Journal of Social and Administrative Sciences, EconSciences Journals, vol. 5(2), pages 116-126, June.
    13. Matteo BELLITTO & Mario COCCIA, 2018. "Interrelationships between Violent crime, demographic and socioeconomic factors: a preliminary analysis between Central-Northern European countries and Mediterranean countries," Journal of Economic and Social Thought, EconSciences Journals, vol. 5(3), pages 230-246, September.
    14. Mario COCCIA, 2018. "Measurement and assessment of the evolution of technology with a simple biological model," Turkish Economic Review, EconSciences Journals, vol. 5(3), pages 263-284, October.
    15. Salter, Ammon J. & Martin, Ben R., 2001. "The economic benefits of publicly funded basic research: a critical review," Research Policy, Elsevier, vol. 30(3), pages 509-532, March.
    16. Luc Anselin & Attila Varga & Zoltan Acs, 2008. "Local Geographic Spillovers Between University Research and High Technology Innovations," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 9, pages 95-121, Edward Elgar Publishing.
    17. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    18. Mario COCCIA, 2020. "How does institutional change of democratization affect the origin and diffusion of technological innovation across countries?," Journal of Economic and Social Thought, EconSciences Journals, vol. 7(2), pages 60-91, June.
    19. Nicola Lacetera, 2003. "Incentives and spillovers in R&D activities: an agency-theoretic analysis of industry-university relations," Microeconomics 0312004, University Library of Munich, Germany.
    20. Mario COCCIA, 2019. "What is technology and technology change? A new conception with systemic-purposeful perspective for technology analysis," Journal of Social and Administrative Sciences, EconSciences Journals, vol. 6(3), pages 145-169, September.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ5:v:5:y:2018:i:1:p:65-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI The email address of this maintainer does not seem to be valid anymore. Please ask Bilal KARGI to update the entry or send us the correct address (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.