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Uncaging Animal Spirits collects all of Landau's major papers from the last thirty years, covering his scientific discoveries, his views on innovation and entrepreneurship, his reflections on his own field of chemical engineering, and his research on the global marketplace, and on the relation of technology, innovation, and the economy. Chemical engineering has been one of the major high-tech growth industries of the post-World War II period, and one of the few in which U.S. companies have retained an international advantage over their competitors. As an engineer and entrepreneur, Ralph Landau played a large role in this success story. Uncaging Animal Spirits collects all of Landau's major p...
Engineers need economists' insights about the marketplace to understand how economic forces shape the environment for technological innovation. Just as important, economists must come to understand the power and process of technological change in industry. Technology and Economics defines the common ground for this ongoing dialogue between engineers and economists. This book presents the views of some of the leading U.S. economists and technologists who have worked to deepen understanding of the interactions between technology and economics. It explores topics relating to economic growth and productivity, the relation of technical progress to capital formation, investing in productivity growth, the relationship between technology and the cost of capital, future challenges to agricultural research, and innovation in the chemical processing industries. Industrialists and technologists, as well as economists, will find this book useful as an overview to issues of common concern.
This book focuses on the role of the state in promoting a country's long-term technological progress and industrial leadership. Throughout history, a nation's rise to dominance has invariably been followed by its fall; the dominant powers of today are not the same ones that controlled the world three hundred years ago. In the same manner, economic dominance has usually been fleeting, as leading nations have routinely been caught up and surpassed by challengers. This study looks at Schumpeterian growth - currently the most important source of economic growth - which credits the ability to use technological progress for the benefit of industrial leadership as the key motor of national developm...
In this volume, strategy scholars, business historians, and economic historians are brought together to develop a volume that explores the complementarities of approaches.
This is the remarkable story of an entrepreneurial firm that helped to create the petrochemical industry as we know it today. The author also highlights the important role chemical engineers played in developing and commercializing new technologies based on the conversion of hydrocarbons into petrochemicals, which also led to the transfer of technological dominance from Germany to the United States. These developments are illustrated by the participants’ personal histories, in the form of interviews and recorded oral histories. In addition, the book presents a highly relevant case study for engineers and managers in the chemical industry.
"Whatever you dream, begin it, for boldness has genius, power and magic in it." -Goethe What qualities brought America to its dominance of world industry? How will American technology fare in the new global marketplace? What upbringing, education, and personal traits are required to produce leaders who can succeed in this new world? Scan the bookstore shelves and you'll see dozens of attempts by authors to capture the essence of leadership and entrepreneurial success. In The Power of Boldness, the answers come from original sources: ten of the country's most successful business leaders, who share their experiences and insights in individual essays that are remarkable for their directness and...
Documents how science has provided an astonishing array of medicines for coping with human ailments. This volume addresses industry leaders, economic influences, and the development of individual products. It is suitable for policy makers, economists, corporate executives, research managers, and historians of science, technology, and medicine.
How the government arrives at its official economic statistics deeply influences the lives of every American. Social Security payments and even some wages are linked to import prices through official inflation rates; special measures of national product are necessary for valid comparisons of vital social indicators such as relative standards of living and relative poverty. Poor information can result in poor policies. And yet, federal statistics agencies have been crippled by serious budget cuts—and more cuts may lie ahead. Questioning the quality of current data and analytical procedures, this ambitious volume proposes innovative research designs and methods for data enhancement, and offers new data on trade prices and service transactions for future studies. Leading researchers address the measurement of international trade flows and prices, including the debate over measurement of computer prices and national productivity; compare international levels of manufacturing output; and assess the extent to which the United States has fallen into debt to the rest of the world.
This title explores the way in which public and private policy have played in enabling and sustaining swift innovation in a variety of industries, from agriculture and the life sciences to information technology.
U.S. industry faced a gloomy outlook in the late 1980s. Then, industrial performance improved dramatically through the 1990s and appears pervasively brighter today. A look at any group of industries, however, reveals important differences in the factors behind the resurgenceâ€"in industry structure and strategy, research performance, and location of activitiesâ€"as well as similarities in the national policy environment, impact of information technology, and other factors. U.S. Industry in 2000 examines eleven key manufacturing and service industries and explores how they arrived at the present and what they face in the future. It assesses changing practices in research and innovation, technology adoption, and international operations. Industry analyses shed light on how science and technology are applied in the marketplace, how workers fare as jobs require greater knowledge, and how U.S. firms responded to their chief competitors in Europe and Asia. The book will be important to a wide range of readers with a stake in U.S. industrial performance: corporate executives, investors, labor representatives, faculty and students in business and economics, and public policymakers.