The economics of science

The author would like to thank William Amis, David Audretsch, Dave Boykin, Eileen Collins, Paul David, Ronald Ehrenberg, Alan Fechter, Julie Hotchkiss, Mary Frank Fox, Vincent Mangematin, Edwin Mansfield, Rubin Saposnik, F. M. Scherer, Frank Stafford, Mary Beth Walker, Harriet Zuckerman, and two anonymous referees for helpful comments. Some of the ideas expressed in this essay have evolved from extensive conversations and collaboration with Sharon G. Levin. The author, however, bears sole responsibility for the opinions and conclusions expressed here. Stephen Everhart and Janet Keene provided research assistance. This essay was begun when the author was a visiting scholar at the Wissenschaftszentrum Berlin fur Sozialforschung. Financial support was received from the Andrew W. Mellon Foundation and the College of Business Administration, Georgia State University.