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Nobel Laureate Edmund Phelps argues that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values--particularly the individualism and self-expression prevailing among the people--fueled the dynamism needed for widespread innovation.
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Table of Contents
- Cover
- Title Page
- Copyright
- Dedication
- Contents
- Preface
- Introduction: A Theory of Innovation, Flourishing, and Growth/ Edmund Phelps
- Overview of the Chapters/ Raicho Bojilov, Gylfi Zoega, and Hian Teck Hoon
- I. ESTIMATING INNOVATION—ACROSS TIME AND ACROSS NATIONS
- 1. Innovation: The Source of Rapid Growth/ Raicho Bojilov
- 2. Sources of Indigenous Innovation and Channels of Its Transmission across Countries/ Raicho Bojilov
- 3. Indigenous Innovation during the IT Revolution: We Never Had It So Good?/ Raicho Bojilov
- II. THE ROOTS AND BENEFITS OF INNOVATION
- 4. A Case Study of Iceland’s Successful Innovators/ Gylfi Zoega
- 5. The Force of Values/ Gylfi Zoega
- 6. Individual Values, Entrepreneurship, and Innovation/ Raicho Bojilov
- 7. Innovation, Job Satisfaction, and Performance in Western European Countries/ Gylfi Zoega
- III. TWO APPLICATIONS OF ROBOTS
- 8. Growth Effects of Additive and Multiplicative Robots alongside Conventional Machines/ Hian Teck Hoon
- 9. Wage Effects of Additive and Multiplicative Robots alongside Factory Buildings and Physical Structures/ Hian Teck Hoon
- 10. Additive Robots, Relative Prices, and Indigenous Innovation/ Hian Teck Hoon
- Epilogue/ Edmund Phelps
- Notes
- Acknowledgments
- Index
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