Intro history patents ip foundations the exploration

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Unformatted text preview: Chalioti c A ll rights reserved. Intro History Patents IP Foundations The exploration of inventing activity in late 19th century (the Gilded Age) & the 20th century require huge expenditures. Large, semi-autonomous observatories were founded, often funded by wealthy individuals or at taxpayer expense. The foundations were rich & e¤ective even for government’ priorities. s e.g. By the late 1930s, only 6 US universities spent more than $2 million per year on R&D. Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP Foundations Their strategies They created a host of new institutes dedicated to medicine, geophysics, botany, astronomy etc They give money to trusted researchers & formalize a peer review system. The scienti…c community ended up regulating itself, even though the money came from wealthy patrons. Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP Government funding Since 1930, the initiative of the US government is to develop technologies for: aviation, space, nuclear energy, electronics, conservation, health care development of weapons systems - gyroscopes, analog computers, electric data transmission etc Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, E...
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This note was uploaded on 03/16/2014 for the course ECON 483 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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