Edwin Mansfield
Encyclopedia
Edwin Mansfield was a professor of economics at University of Pennsylvania
from 1964 and until his death. From 1985 he was also a director of the Center for Economics and Technology.
Edwin Mansfield is best known for his scientific results concerning technological change
/ diffusion of innovations
, and also for his textbooks on microeconomics
, managerial economics
, and econometrics
that were published in millions copies and translated into foreign languages.
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
from 1964 and until his death. From 1985 he was also a director of the Center for Economics and Technology.
Edwin Mansfield is best known for his scientific results concerning technological change
Technological change
Technological change is a term that is used to describe the overall process of invention, innovation and diffusion of technology or processes. The term is synonymous with technological development, technological achievement, and technological progress...
/ diffusion of innovations
Diffusion of innovations
Diffusion of Innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread through cultures. Everett Rogers, a professor of rural sociology, popularized the theory in his 1962 book Diffusion of Innovations...
, and also for his textbooks on microeconomics
Microeconomics
Microeconomics is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources. Typically, it applies to markets where goods or services are being bought and sold...
, managerial economics
Managerial economics
Managerial economics as defined by Edwin Mansfield is "concerned with application of economic concepts and economic analysis to the problems of formulating rational managerial decision." It is sometimes referred to as business economics and is a branch of economics that applies microeconomic...
, and econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
that were published in millions copies and translated into foreign languages.