MARC Record from Library of Congress

LEADER: 02459cam a22003377a 4500
001 2005620010
003 DLC
005 20130105082626.0
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008 051014s2005 mau sb 000 0 eng
010 $a 2005620010
040 $aDLC$cDLC$dDLC
043 $an-us---
050 00 $aHB1
100 1 $aLamoreaux, Naomi R.
245 14 $aThe decline of the independent inventor$h[electronic resource] :$ba Schumpterian story? /$cNaomi R. Lamoreaux, Kenneth L. Sokoloff.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11654
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 10/14/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Joseph Schumpeter argued in Capitalism, Socialism and Democracy that the rise of large firms' investments in in-house R&D spelled the doom of the entrepreneurial innovator. We explore this idea by analyzing the career patterns of successive cohorts of highly productive inventors from the late nineteenth and early twentieth centuries. We find that over time highly productive inventors were increasingly likely to form long-term attachments with firms. In the Northeast, these attachments seem to have taken the form of employment positions within large firms, but in the Midwest inventors were more likely to become principals in firms bearing their names. Entrepreneurship, therefore, was by no means dead, but the increasing capital requirements--both financial and human--for effective invention and the need for inventors to establish a reputation before they could attract support made it more difficult for creative people to pursue careers as inventors. The relative numbers of highly productive inventors in the population correspondingly decreased, as did rates of patenting per capita"--National Bureau of Economic Research web site.
600 10 $aSchumpeter, Joseph A.,$d1883-1950.
650 0 $aInventors$zUnited States$xHistory.
650 0 $aInventions$xEconomic aspects$zUnited States.
700 1 $aSokoloff, Kenneth Lee.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11654.
856 40 $uhttp://papers.nber.org/papers/W11654