Lecture 2 institutions econ483 econ of innovation

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Unformatted text preview: s. Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP The Greek city-states - The library of Alexandria facilities for storing books, delivering lectures, conducting experiments resident scholars; i.e. Euclid: formalized geometry; Aristarchus of Samos: invented the heliocentric theory of the solar system Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP The Roman empire Administrative practices: Government-sponsored innovators (funding through taxation) Successful inventors petitioned the emperor for rewards inventions: e.g. central heating, siege weapons, catapults, aqueducts Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP But, innovation is a series of "accidental discoveries & frivolous projects"... - The same inventions were discovered & forgotten repeat...
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