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Financing Innovation in the United States, 1870 to the Present - MIT Press Scholarship Online
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Financing Innovation in the United States, 1870 to the Present

Naomi R Lamoreaux and Kenneth L Sokoloff


Although technological change is vital for economic growth, the interaction of finance and technological innovation is rarely studied. This book examines the ways in which innovation is funded in the United States. In case studies and theoretical discussions, economists and economic historians analyze how inventors and technologically creative entrepreneurs have raised funds for their projects at different stages of U.S. economic development, beginning with the post-Civil War period of the Second Industrial Revolution. Their discussions point to intriguing insights about how the nature of the ... More

Keywords: technological change, economic growth, finance, technological innovation, entrepreneurs, U.S. economic development, Second Industrial Revolution, availability of funds, technological advances, American technological advancement

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780262122894
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262122894.001.0001


Affiliations are at time of print publication.

Naomi R Lamoreaux, editor

Kenneth L Sokoloff, editor

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1 Financing Invention during the Second Industrial Revolution: Cleveland, Ohio, 1870–1920

Naomi R. Lamoreaux, Margaret Levenstein, and Kenneth L. Sokoloff

12 Afterword

Naomi R. Lamoreaux, and Kenneth L. Sokoloff

End Matter