Measuring the Value of Invention

Measuring the Value of Invention PDF Author: Benjamin M. Miller
Publisher:
ISBN: 9781977406545
Category : Medical
Languages : en
Pages : 124

Get Book Here

Book Description
Inventions, such as new tools, devices, processes, and medicines, have provided significant benefits to society. Inventions help people around the world live longer, healthier, and more-productive lives and provide new ways to build, move, communicate, heal, learn, and play. Understanding and clearly communicating the value of invention can help policymakers appreciate the benefits of supporting the development of inventions and of addressing inequities that suppress the development of female and minority inventors. In this report, researchers use the inventions of Lemelson-MIT Prize winners as examples to illustrate the scientific, technological, economic, and social impacts that inventions can have on society. The impacts of this group's inventions are considered through evaluation of all prize winners in aggregate and through individual case studies of the prize winners from three particular years. Researchers highlight the substantial benefits to society, both nationally and globally, that have been provided by these inventors' works. The inventions discussed in this report have spawned new products, companies, and, in some cases, entirely new industries. Research also demonstrates that there are many different paths to the successful development and commercialization of inventions, with the success or failure of new inventions not always being entirely under the inventor's control.

The Rate and Direction of Inventive Activity

The Rate and Direction of Inventive Activity PDF Author: National Bureau of Economic Research
Publisher: Princeton University Press
ISBN: 1400879760
Category : Political Science
Languages : en
Pages : 647

Get Book Here

Book Description
The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Value Engineering

Value Engineering PDF Author: Richard Park
Publisher: Routledge
ISBN: 135140573X
Category : Business & Economics
Languages : en
Pages : 356

Get Book Here

Book Description
After more than 50 years as a manager and VE pioneer, Richard J. Park presents Value Engineering: A Plan for Invention. Park demonstrates how to adopt VE as a thinking process that can enable you to increase your problem solving skills, cultivate innovation, reduce costs, improve productivity, and more. Features

Value Engineering

Value Engineering PDF Author: Richard Park
Publisher: CRC Press
ISBN: 9781574442359
Category : Technology & Engineering
Languages : en
Pages : 356

Get Book Here

Book Description
After more than 50 years as a manager and VE pioneer, Richard J. Park presents Value Engineering: A Plan for Invention. Park demonstrates how to adopt VE as a thinking process that can enable you to increase your problem solving skills, cultivate innovation, reduce costs, improve productivity, and more. Features

R&D, Patents and Productivity

R&D, Patents and Productivity PDF Author: Zvi Griliches
Publisher: University of Chicago Press
ISBN: 0226308928
Category : Business & Economics
Languages : en
Pages : 525

Get Book Here

Book Description
"An essential reference for specialists in the economics of technological change."--D. G. McFertridge, Canadian Journal of Economics

Measuring and Accounting for Innovation in the Twenty-First Century

Measuring and Accounting for Innovation in the Twenty-First Century PDF Author: Carol Corrado
Publisher: University of Chicago Press
ISBN: 022672817X
Category : Business & Economics
Languages : en
Pages : 603

Get Book Here

Book Description
"Measuring innovation is a challenging task, both for researchers and for national statisticians. This task is timely and valuable given that policy and public interest in innovation has become increasingly intense in this era of digital revolution, yet National GDP Accounts and other economic statistics do not fully account for the wide range of innovative activity that is plainly evident in everyday experience. Indeed, innovation has in many ways changed the structure of an increasingly digitized marketplace, from cloud computing to the gig economy. The papers collected in this volume, Measuring and Accounting for Innovation in the Twenty-First Century, address many different dimensions of this challenge, ranging from how to best to define GDP to the fundamental question of what is an innovation and how to collect data at the level of an individual innovation. Taken together, the volume provides a comprehensive overview of the cutting-edge of this widely varied but thematically-connected research that draws on multiple methodologies and data. The editors and authors consider how measurement frameworks could be expanded to enhance our understanding of innovative activity; new approaches and evidence that could account for innovation's economic impact; innovation's effect across the economy, from production processes to labor markets and financial activities; and what practical adjustments could be made to current measurements that would better capture innovation. The distinctive stance of this volume makes clear that the challenge of measuring innovation and understanding its implications has become increasingly complex as the economy has evolved. The editors and authors show that the limitations of our existing measurement system significantly hinder researchers, analysts, and policymakers. Better measures of innovative activity are necessary to interpret the consequences of innovation in daily life and to inform policies that best promote the attendant benefits, including distribution of income, trademark protections, and more. Now, in an era of fake news and alternative facts, it is more important than ever to push for accuracy in basic economic facts"--

Safeguarding the Bioeconomy

Safeguarding the Bioeconomy PDF Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309495679
Category : Science
Languages : en
Pages : 393

Get Book Here

Book Description
Research and innovation in the life sciences is driving rapid growth in agriculture, biomedical science, information science and computing, energy, and other sectors of the U.S. economy. This economic activity, conceptually referred to as the bioeconomy, presents many opportunities to create jobs, improve the quality of life, and continue to drive economic growth. While the United States has been a leader in advancements in the biological sciences, other countries are also actively investing in and expanding their capabilities in this area. Maintaining competitiveness in the bioeconomy is key to maintaining the economic health and security of the United States and other nations. Safeguarding the Bioeconomy evaluates preexisting and potential approaches for assessing the value of the bioeconomy and identifies intangible assets not sufficiently captured or that are missing from U.S. assessments. This study considers strategies for safeguarding and sustaining the economic activity driven by research and innovation in the life sciences. It also presents ideas for horizon scanning mechanisms to identify new technologies, markets, and data sources that have the potential to drive future development of the bioeconomy.

The Great Invention

The Great Invention PDF Author: Ehsan Masood
Publisher: Simon and Schuster
ISBN: 1681771810
Category : Business & Economics
Languages : en
Pages : 256

Get Book Here

Book Description
The world’s principal measure of the health of economies is gross domestic product, or GDP: the sum of what all of us spend every day, from the contents of our weekly shopping to large capital spending by businesses. GDP also includes the myriad things that our governments pay for, from libraries and road-line painting to naval dockyards and nuclear weapons.The Great Invention reveals how in just a few decades GDP became the world’s most powerful formula: how six algebraic symbols forged in the fires of the 1930's economic crisis helped Europe and America prosper, how the remedy now risks killing the patient it once saved, and how this fundamentally flawed metric is creating the illusion of global prosperity—and why many world leaders want to be able to ignore it but so far remain powerless to do so. Drawing on interviews, firsthand accounts, and previously neglected source materials, The Great Invention takes readers on a journey from Capitol Hill to Whitehall—on the trail of theories made in Cambridge, tested in Karachi, and designed for global application—into the minds of unworldly geniuses seduced by the allure of power and the demands of politics.

Using Inventions in the Public Domain

Using Inventions in the Public Domain PDF Author: World Intellectual Property Organization
Publisher: WIPO
ISBN: 9280530402
Category : Law
Languages : en
Pages : 76

Get Book Here

Book Description
This guide is designed to help researchers, inventors and entrepreneurs gain access to and use technology and business information and knowledge in the public domain, for the development of new innovative products and services in their own country. The focus of the guide is on information and technology disclosed in patent documents. Designed for self-study, the guide provides easy-to follow training modules that include teaching examples and other useful practical tools and resources.

Measuring and Sustaining the New Economy

Measuring and Sustaining the New Economy PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309082986
Category : Political Science
Languages : en
Pages : 268

Get Book Here

Book Description
Sustaining the New Economy will require public policies that remain relevant to the rapid technological changes that characterize it. While data and its timely analysis are key to effective policy-making, we do not yet have adequate statistical images capturing changes in productivity and growth brought about by the information technology revolution. This report on a STEP workshop highlights the need for more information and the challenges faced in measuring the New Economy and sustaining its growth.