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

6 Pages Posted: 24 Mar 2010

See all articles by Geoffrey A. Manne

Geoffrey A. Manne

International Center for Law & Economics (ICLE)

Date Written: March 21, 2010


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, 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:

Geoffrey Manne (Contact Author)

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

2117 NE Oregon St.
Suite 501
Portland, OR 97232
United States
503-770-0076 (Phone)


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