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Review of Michael Carrier's 'Innovation in the 21st Century'

6 Pages Posted: 24 Mar 2010  

Geoffrey A. Manne

International Center for Law & Economics (ICLE)

Date Written: March 21, 2010

Abstract

This essay reviews Michael Carrier's recent book, Innovation in the 21st Century. While the book is well-written and full of accessible content, it nevertheless fails in its ambitious effort to defend the concept of an antitrust-relevant "innovation market." The essay notes that there is considerable uncertainty about the relationship between regulation and innovation, and suggests that Carrier is insufficiently sensitive to the limitations of his analysis.

Keywords: Antitrust, Innovation, Michael Carrier, Innovation Market, Error Cost, Pharmaceuticals, Patents

JEL Classification: K10, K21, L11, L12, L40, L65, O31, O34

Suggested Citation

Manne, Geoffrey A., Review of Michael Carrier's 'Innovation in the 21st Century' (March 21, 2010). Alabama Law Review, Vol. 61, pp. 553-558, 2010. Available at SSRN: https://ssrn.com/abstract=1576150

Geoffrey A. Manne (Contact Author)

International Center for Law & Economics (ICLE) ( email )

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Portland, OR Oregon 97232
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503-770-0076 (Phone)

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