The Economics of Invention: A Survey of the Literature

Name: The Economics of Invention: A Survey of the Literature
Cite: 32 J. Bus. 101
Year: 1959
Bluebook cite: Richard R. Nelson, The Economics of Invention: A Survey of the Literature, 32 J. Bus. 101 (1959).
Author: Richard R. Nelson
URL: http://www.jstor.org.www.libproxy.wvu.edu/stable/pdfplus/2350628.pdf
Item Type: article
Summary: This article explains that the drive in inventions and research is the commercial value of the end product. The article also has a section that discusses uncertainty and rising demand for an invention and which matters more for invention progress.