Economists and policy analysts have demonstrated the opportunity of translating scientific discovery into economic benefits. Here Albert Link thoughtfully shows how different institutions - government, universities, and companies - contribute to this transformation. This is a required reference for scholars and public servants alike who seek to accelerate growth through translational research. -- Andrea Belz, University of Southern California, USA For generations, the origins of innovation have remained an enduring mystery. In Creating Scientific Knowledge, Al Link offers a compelling and rigorous account of how innovation emerges from the creation and application of scientific knowledge. This groundbreaking work explains where innovation begins, why it flourishes in different contexts, and how science underpins its evolution. A must-read for scholars, policymakers, and business leaders seeking to understand and advance the dynamics of innovation. -- Antje Fiedler, The University of Auckland, New Zealand Albert Link has long stood at the forefront of the economics of innovation, and this volume represents a capstone to decades of pioneering scholarship. Creating Scientific Knowledge offers a masterful synthesis of how public and private actors together shape the creation, diffusion, and recombination of knowledge. Combining rigorous empirical analysis with deep institutional insight, Link shows why the boundaries between science, technology, and entrepreneurship have never been more intertwined. This book will become essential reading for anyone seeking to understand how knowledge truly drives economic progress. -- Silvio Vismara, University of Bergamo and IMT Lucca, Italy
