Inventive Activity and the Market for Technology in the United States, 1840-1920

@inproceedings{Lamoreaux1999InventiveAA,
  title={Inventive Activity and the Market for Technology in the United States, 1840-1920},
  author={Naomi R. Ucla Lamoreaux and Kenneth L. Sokoloff},
  year={1999}
}
The growth of the U.S. economy over the nineteenth century was characterized by a sharp acceleration in the rate of inventive activity and a dramatic rise in the relative importance of highly specialized inventors as generators of new technological knowledge. Relying on evidence compiled from patent records, we argue that the evolution of a market for technology played a central role in these developments. Across both individuals and geographic areas, the expansion of opportunities to trade in… CONTINUE READING

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