Microeconomic Policy and Technological Change

  title={Microeconomic Policy and Technological Change},
  author={Edwin Mansfield},
My assigned topic is the question: Can policymakers spur or deter technological change? The question is to be addressed from a micro perspective, by examining policies regarding research and development (R&D), patents, and competition. Since there is no point in keeping the reader in suspense, I shall argue that government policy plays a major role in influencing the rate of technological change in many important industries. The paper begins by looking at the salient features of federal support… CONTINUE READING

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