Evaluating Public Sector R&D Programs: The Advanced Technology Program's Investment in Wavelength References for Optical Fiber Communications

Griliches (1958) [Journal of Political Economy,66: 419--431] and Mansfield et al. (1977) [Quarterly Journal of Economics 91: 221--240] pioneered the application of fundamental economic insight to the development of measurements of private and social rates of return to innovative investments. This paper illustrates field-based methods for measuring the social rates of return to innovative investments by the public sector. The case study described herein relates to the development of an improved standard reference material for the measurement of the wavelength of light in an optical fiber network.     

The Entrepreneur as Innovator

Throughout intellectual history as we know it, the entrepreneur has worn many faces and played many roles. One of those roles is innovator. This essay establishes a chronological trace of the entrepreneur as innovator in an effort to place contemporary writings within a proper historical perspective.