In the nineteenth century, skeptics wondered whether socialism could succeed at all. After the Bolshevik Revolution launched a first great experiment in building socialism, it was conceded that a socialist economy could indeed allocate the nation's resources with reasonable effectiveness and...

Advanced economies have experienced a tremendous increase in material well-being since the industrial revolution. Modern innovations such as personal computers, laser surgery, jet airplanes, and satellite communication have made us rich and transformed the way we live and work. But technological...

There is intense public interest in the role of universities as a source of science-based innovations. To increase our understanding of this role, this book compares the economic effects of university research in the United States and Japan--countries similar in economic and technological...