{"product_id":"innovation-and-growth-in-the-global-economy-9780262570978","title":"Innovation and Growth in the Global Economy","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eInnovation and Growth in the Global Economy\u003c\/strong\u003e by Helpman, Elhanan. paperback edition. ISBN: 9780262570978.\u003c\/p\u003e\n\u003cp\u003eGrossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.\nTraditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"MIT Press","offers":[{"title":"Default Title","offer_id":45253808160821,"sku":"ByrdShop_0262570971","price":38.9,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780262570978_e426dd31-1f9c-4151-b352-a077ad11ceeb.jpg?v=1779948429","url":"https:\/\/atxbooks.com\/products\/innovation-and-growth-in-the-global-economy-9780262570978","provider":"ATX Books","version":"1.0","type":"link"}