Abstract

Recent studies into technological change in the American economy have stressed the importance of economic conditions that operate through the market mechanism on both the direction of the inventive activity which has generally provided the basis for this change and on the rate at which newly developed techniques are commercially adopted. Schmookler has argued the former point persuasively in several articles, while North, for the latter, has asserted that “productivity changes stemming from technological innovations are, in part at least, a nearly automatic response to successful expansion of industries in an acquisitive society under competitive market conditions.” With respect to American agriculture in the nineteenth century, our knowledge of the level of investment which incorporated new production techniques, and of the effects these techniques had on productivity and output has been greatly enhanced by the recent work of Kendrick, Gallman, and Towne and Rasmussen. Our account of inventive activity in agriculture, however, is still limited to mentioning and tracing through the effects of some of the more famous inventions in this field and to fragmentary patent citations. Accessibility to patent statistics since 1837 now makes possible a fuller treatment of agricultural inventions. In Part II of this paper I present a description of the level and composition of agricultural inventions between 1837–1890. In Part III, I attempt to test the importance of certain market conditions as determinants of this inventive activity.

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