Can university-based scientific research contribute to the economic development of a region? Can it generate wealth for the university? American universities are under increasing pressure to maximize their economic contributions. Tapping the Riches of Science offers a rigorous and far-sighted explanation of this controversial and little-understood movement.

Just how do universities contribute to innovation in industry? How have state legislatures promoted local university commitments to economic relevance? And how has the pressure to be economically productive affected the core academic missions of teaching and research? Drawing from a range of social science analyses, campus interviews, and examples of university-industry partnerships, Roger Geiger and Creso Sá reveal the ways that economic development has been incorporated into university commitments.

Noting enduring cultural differences between the academic and business worlds, Geiger and Sá deflate both suspicious and overconfident views. They show how elusive success can be for embryonic discoveries with as-yet-unclear applications. Warning against promising—and expecting—too much, Tapping the Riches of Science nonetheless makes a strong case for the long-term promise of practical uses for academic research.

This volume mounts a full-blown attack on the standard neo-classical theory of economic growth, which Richard Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way. Nelson also argues that a theory of economic growth driven by technological advance must recognize a range of institutions, such as universities, public laboratories, and government agencies, in addition to business firms and markets. He further argues that growth theories that focus on an aggregate measure of growth, such as GNP per capita, are blind to what is going on beneath the aggregate, where differing rates of advance in different sectors, and the birth and death of industries are an essential part of the growth process. The broad theory of economic growth Nelson presents sees the process as involving the co-evolution of technologies, institutions, and industry structure.

The U.S. Citizens Network prepared this guidebook to help American citizens and organizations understand and participate effectively in the United Nations Conference on Environment and Development (UNCED), an unprecedented "Earth Summit," at which heads of state, individuals, and groups from around the world considered how to balance development pressures with an increasingly imperiled global environment.