Innovation has revolutionized the world economy‎,‎ yet it remains often misunderstood‎.‎ This textbook seeks to elucidate the nature and impact of innovation for both undergraduate and graduate students‎.‎ Innovation and Technology examines the impact of innovation on both economic theory and the real world‎.‎ It addresses the topic at the level of policy and also drills down to provide analysis of firms‎.‎ This book moves beyond the plethora of specialized studies on the subject and formulates a unified and comprehensive approach‎,‎ encompassing the topic‎'‎s huge breadth and scope‎.‎ Issues such as innovation‎,‎ knowledge‎,‎ incentives‎,‎ information and regulation are featured‎.‎ Designed for MBA‎,‎ Economics and Business students‎,‎ this textbook will be useful to those interested in innovation‎,‎ entrepreneurship and the economics of technology‎.‎