This book presents a remarkably broad yet detailed description and analysis of the various roles played by universities in the workings of modern economies, with a particular focus on Europe. It provides both a wide survey of research by others on the topics addressed, and an account of the authors' own important work. The complex policy issues are clearly drawn, and the authors informed pragmatic position on them clearly articulated. This is the best book on the subject that I have seen.'
- Richard Nelson, Columbia University, US'This book, with its wealth of information and its broad perspective, goes a long way toward educating us in the United States about how research at European universities is conducted and funded and details differences between Europe and the US. It is a must-read for anyone who wants to have a broader perspective on the relationship between universities and the economy.'
- Paula Stephan, Georgia State University and NBER, US

The University and the Economy provides an in-depth exploration of the many ways in which universities contribute to economic development and growth. By providing readers with theoretical tools and evidence to explain the means by which university activities impact the economic system, the book offers a robust analysis of the strengths and weaknesses of specific university systems.

In offering a solid foundation of conceptual and statistical knowledge, this book supports the current debate on the role of the university in the contemporary economy. It also offers insights to enhance understanding of why some university systems are not contributing to their economies as well as others. The book adopts an economic perspective, which allows the actions of universities, as well as the individuals who study and work within them, to be analyzed in the context of economic models of behavior. From this perspective, it explains the organization, governance and funding of universities' activities and explores how these could be structured to improve their efficiency and effectiveness.

Academics, policymakers, managers and professionals working in universities will find a wealth of valuable information in this book. It will also be of interest to undergraduate and postgraduate students of science and technology policy, higher education economics and the economics and management of innovation.