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'Schemes of Practical Utility': Entrepreneurship and Innovation Among 'Great Inventors' in the United States, 1790-1865

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  • B. Zorina Khan
  • Kenneth L. Sokoloff

Abstract

The growth in inventive activity during early American industrialization is explored by examining the careers of 160 inventors credited with important technological discoveries. Analysis of biographical information and complete patent histories through 1865 indicates that these 'great inventors' were entrepreneurial and responded systematically to market demand. Their inventions were procyclical and originated disproportionately from localities linked with extensive markets. Although not exceptional in terms of schooling or technical skills, they vigorously pursued the returns to their inventions, redirected their inventive activity to meet emerging needs, and were distinguished by high geographical mobility towards districts conducive to invention.

Suggested Citation

  • B. Zorina Khan & Kenneth L. Sokoloff, 1992. "'Schemes of Practical Utility': Entrepreneurship and Innovation Among 'Great Inventors' in the United States, 1790-1865," NBER Historical Working Papers 0042, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberhi:0042
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    Cited by:

    1. Ruveyda Nur Gozen, 2024. "Property rights and innovation dynamism: The role of women inventors," CEP Discussion Papers dp2005, Centre for Economic Performance, LSE.
    2. Nuvolari, Alessandro & Tartari, Valentina & Tranchero, Matteo, 2021. "Patterns of innovation during the Industrial Revolution: A reappraisal using a composite indicator of patent quality," Explorations in Economic History, Elsevier, vol. 82(C).
    3. Adrien Montalbo, 2019. "Education and economic development. The influence of primary schooling on municipalities in nineteenth-century France," PSE Working Papers halshs-02286126, HAL.
    4. Fontana, Roberto & Nuvolari, Alessandro & Shimizu, Hiroshi & Vezzulli, Andrea, 2013. "Reassessing patent propensity: Evidence from a dataset of R&D awards, 1977–2004," Research Policy, Elsevier, vol. 42(10), pages 1780-1792.
    5. Charles W. Calomiris & Christopher Hanes, 1994. "Historical Macroeconomics and American Macroeconomic History," NBER Working Papers 4935, National Bureau of Economic Research, Inc.
    6. B. Zorina Khan, 2015. "The Impact of War on Resource Allocation: 'Creative Destruction' and the American Civil War," NBER Working Papers 20944, National Bureau of Economic Research, Inc.
    7. Schwerin, Joachim & Werker, Claudia, 2003. "Learning innovation policy based on historical experience," Structural Change and Economic Dynamics, Elsevier, vol. 14(4), pages 385-404, December.
    8. Adrien Montalbo, 2019. "Education and economic development. The influence of primary schooling on municipalities in nineteenth-century France," Working Papers halshs-02286126, HAL.
    9. Jennifer Hunt & Marjolaine Gauthier-Loiselle, 2010. "How Much Does Immigration Boost Innovation?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 31-56, April.
    10. Matthew Gibbons & Les Oxley, 2017. "New Perspectives on Patenting Activity in New Zealand 1860-1899," Working Papers in Economics 17/04, University of Waikato.
    11. Adrien Montalbo, 2020. "Education supply and economic growth in nineteenth-century France," Working Papers halshs-02482643, HAL.
    12. Alessandro Nuvolari, 2004. "Collective invention during the British Industrial Revolution: the case of the Cornish pumping engine," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(3), pages 347-363, May.
    13. Bottomley, Sean, 2014. "Patenting in England, Scotland and Ireland during the Industrial Revolution, 1700–1852," Explorations in Economic History, Elsevier, vol. 54(C), pages 48-63.
    14. Adrien Montalbo, 2020. "Education supply and economic growth in nineteenth-century France," PSE Working Papers halshs-02482643, HAL.
    15. Petra Moser & Tom Nicholas, 2013. "Prizes, Publicity and Patents: Non-Monetary Awards as a Mechanism to Encourage Innovation," Journal of Industrial Economics, Wiley Blackwell, vol. 61(3), pages 763-788, September.
    16. Alessandro Nuvolari & Valentina Tartari, 2009. "Mr Woodcroft and the value of English patents of invention, 1617-1852," Working Papers 9015, Economic History Society.
    17. Kenneth L Sokoloff & Zorina Kahn, 2003. "Intellectual Property Institutions in the United States: Early Development and Comparative Perspective," Levine's Working Paper Archive 618897000000000525, David K. Levine.
    18. Matthew Gibbons & Les Oxley, 2017. "The Relationship of Patenting Applications and Expenditure with Output and Real GDP in Nineteenth Century Colonial New Zealand," Working Papers in Economics 17/05, University of Waikato.
    19. Cook, Lisa D., 2011. "Inventing social capital: Evidence from African American inventors, 1843–1930," Explorations in Economic History, Elsevier, vol. 48(4), pages 507-518.
    20. Sarada, Sarada & Andrews, Michael J. & Ziebarth, Nicolas L., 2019. "Changes in the demographics of American inventors, 1870–1940," Explorations in Economic History, Elsevier, vol. 74(C).

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