Economics
of Ideas, Science and Innovation Syllabus (PhD course). Aug 2022.
https://progress.institute/economics-of-ideas/syllabus/
Readings:
Class
1 Course Overview and Macroeconomic Foundations
Arrow,
Kenneth. 1962. “Economic Welfare and the Allocation of Resources
for Invention.” In The Rate and Direction of Inventive Activity:
Economic and Social Factors, pp. 609-625. Princeton, NJ: Princeton
University Press.
Jones,
Charles I. 2001. Chapter 4 and 5, pp. 78-86 and 96-122 in
Introduction to Economic Growth. New York: W. W. Norton &
Company.
Jones,
Benjamin F. and Lawrence H. Summers. 2021. “A Calculation of the
Social Returns to Innovation.” In Innovation and Public Policy,
University of Chicago Press.
Bloom,
Nicholas, Mark Schankerman, and John Van Reenen. 2013. “Identifying
Technology Spillovers and Product Market Rivalry.” Econometrica
81(4): 1347-1393.
Jones,
Benjamin F. 2009. “The Burden of Knowledge and the ‛Death of the
Renaissance Man’: Is Innovation Getting Harder?” Review of
Economic Studies 76(1): 283-317.
Class
2 Open Science as an Economic Institution
Aghion,
Philippe, Mathias Dewatripont, and Jeremy C. Stein. 2008. “Academic
Freedom, Private Sector Focus, and the Process of Innovation.” RAND
Journal of Economics 39(3): 617-635.
Ahmadpoor,
Mohammad, and Benjamin F. Jones. 2017. “The Dual Frontier: Patented
Inventions and Prior Scientific Advance.” Science 357(6531):
583-587.
Azoulay,
Pierre, Christian Fons-Rosen, and Joshua S. Graff Zivin. 2019. “Does
Science Advance One Funeral at a Time?” American Economic Review
109(8): 2889-2920.
Dasgupta,
Partha, and Paul David. 1994. “Towards a New Economics of Science.”
Research Policy 23(5): 487-521.
Myers,
Kyle. 2020. “The Elasticity of Science.” American Economic
Journal: Applied Economics 12(4): 103-134.
Class
3 Innovation Policies, including the US Patent System
Bloom,
Nicholas, John Van Reenen and Heidi Williams. 2019. “A Toolkit of
Policies to promote Innovation” Journal of Economic Perspectives
33(3) 163–184
Budish,
Eric, Benjamin Roin, and Heidi Williams. 2015. “Do firms
underinvest in long-term research? Evidence from cancer clinical
trials,” American Economic Review 105(7): 2044-2085.
Galasso,
Alberto and Mark Schankerman. 2015. “Patents and Cumulative
Innovation: Causal Evidence from the Courts,” Quarterly Journal of
Economics 130(1): 317–69.
Gallini,
Nancy and Suzanne Scotchmer. 2001. “Intellectual Property: When is
it the Best Incentive System?” Innovation Policy and the Economy
Volume 2, Adam Jaffe, Josh Lerner and Scott Stern, (editors),
Cambridge Massachusetts: MIT Press.
Lisa
L. Ouellette. 2012. “Do Patents Disclose Useful Information?”
Harvard Journal of Law & Technology 25(2): 531-593.
Class
4 Contracting and Control Rights for Innovation
Aghion,
Philippe, and Jean Tirole. 1994. “The Management of Innovation.”
Quarterly Journal of Economics 109(4): 1185-1209.
Azoulay,
Pierre, Joshua Graff Zivin, and Gustavo Manso. 2011. “Incentives
and Creativity: Evidence from the Academic Life Sciences.” RAND
Journal of Economics 42(3): 527-554.
Lerner,
Joshua, and Ulrike Malmendier. 2010. “Contractibility and the
Design of Research Agreements.” American Economic Review 100(1):
214-246.
Manso,
Gustavo. 2011. “Motivating Innovation.” Journal of Finance 66(5):
1823-1860
Class
5 Labor Markets and the Supply of Innovators
Bell,
Alexander M., Raj Chetty, Xavier Jaravel, Neviana Petkova, and John
Van Reenen. 2019. “Who Becomes an Inventor in America? The
Importance of Exposure to Innovation.” Quarterly Journal of
Economics 134(2): 647-713.
Biasi,
Barbara, David J. Deming, and Petra Moser. 2021. “Education and
Innovation.” NBER Working Paper #28544.
Doran,
K., Gelber, A. and Isen, A., 2022. The effects of high-skilled
immigration policy on firms: Evidence from visa lotteries. Journal of
Political Economy.
Marx,
Matt, Deborah Strumsky, and Lee Fleming. 2009. “Mobility, Skills,
and the Michigan Non-Compete Experiment.” Management Science 55
(6): 875–889.
Waldinger,
Fabian, 2016. “Bombs, Brains, and Science: The Role of Human and
Physical Capital for the Production of Scientific Knowledge,” The
Review of Economics and Statistics, vol. 98, no. 5, pp. 811-831,
2016.