Education for Innovation / William J. Baumol.

Format:

Book

Author/Creator:

Baumol, William J., author.

Series:

Working Paper Series (National Bureau of Economic Research) ; no. w10578.

NBER working paper series ; no. w10578

Language:

English

Subjects (All):

Entrepreneurship.

Technological innovations.

Physical Description:

1 online resource (34 pages) : illustrations (black and white).

Place of Publication:

Cambridge, Massachusetts : National Bureau of Economic Research, 2004.

Summary:

This paper explores the following hypotheses on the appropriate education for innovating entrepreneurship: a breakthrough inventions are contributed disproportionately by independent inventors and entrepreneurs, while large firms focus on cumulative, incremental (and often invaluable) improvements; b education for mastery of scientific knowledge and methods is enormously valuable for innovation and growth, but can impede heterodox thinking and imagination; c large-firm R&D requires personnel who are highly educated in extant information and analytic methods, while successful independent entrepreneurs and inventors often lack such preparation; d while procedures for teaching current knowledge and methods in science and engineering are effective, we know little about training for the critical task of breakthrough innovation.

Notes:

Description based on publisher supplied metadata and other sources.