Technology and Economics Papers Commemorating Ralph Landau's Service to the National Academy of Engineering

Engineers need economists' insights about the marketplace to understand how economic forces shape the environment for technological innovation. Just as important, economists must come to understand the power and process of technological change in industry. Technology and Economicsdefines the common ground for this ongoing dialogue between engineers and economists. This book presents the views of some of the leading U.S. economists and technologists who have worked to deepen understanding of the interactions between technology and economics. It explores topics relating to economic growth and productivity, the relation of technical progress to capital formation, investing in productivity growth, the relationship between technology and the cost of capital, future challenges to agricultural research, and innovation in the chemical processing industries. Industrialists and technologists, as well as economists, will find this book useful as an overview to issues of common concern.National Academy of Engineering Staff is the author of 'Technology and Economics Papers Commemorating Ralph Landau's Service to the National Academy of Engineering', published 1991 under ISBN 9780309043977 and ISBN 0309043972.