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BOOK SUMMARY :

Get this from a library the emergence of biotechnology institutions and markets in industrial innovation luigi orsenigo this book examines the early stages of the evolution of biotechnology and attempts to analyze how technological change proceeds in modern industrial economies future prospects and new possibilities the development of biotechnology as an industry and the aspects that distinguish it from other new technologies are characterized the ability of economic theory to model the emergence of biotechnology is discussed in a chapter on the role of markets and institutions the stucture and interaction of academic institutions and industry is seen as having had a critical effect on the rate ofalthough he introduces readers to the leading corporate actors and explains the major categories of biotechnical research orsenigo is primarily interested in the processes of innovation and in relating them to the rise of the biotechnology industry rather than in providing a comprehensive account of the growth of biotechnical science and this analysis contributes to the understanding of the role of basic science in generating breakthrough inventions in the pharmaceutical industry recognizing the within firm heterogeneity of inventive activities we look not only at the firm level but also at the firm technology level for characteristics determining breakthroughsthis article focuses on issues concerning science and technology relationships posed by the emergence of a new drug discovery method namely combinatorial chemistry and biology we assess the

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