Measuring the Societal Benefits of Innovation
- 8 August 1980
- journal article
- research article
- Published by American Association for the Advancement of Science (AAAS) in Science
- Vol. 209 (4457) , 658-662
- https://doi.org/10.1126/science.209.4457.658
Abstract
Quantitative economic analysis of 20 commercial innovations shows that there is great benefit to society that is often not reflected in the rate of return to the innovator. The study also documents the importance of marketing strategy and proper consideration of risk.Keywords
This publication has 1 reference indexed in Scilit:
- Social and Private Rates of Return from Industrial Innovations*The Quarterly Journal of Economics, 1977