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The free-market innovation machine Book

The free-market innovation machine
The free-market innovation machine, Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William Bau, The free-market innovation machine has a rating of 3.5 stars
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The free-market innovation machine, Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William Bau, The free-market innovation machine
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  • The free-market innovation machine
  • Written by author William J Baumol
  • Published by Princeton, N.J. ; Princeton University Press, c2002., 2002/05/08
  • Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William Bau
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Preface
Ch. 1 Introduction: The Engine of Free-Market Growth 1
Pt. I The Capitalist Growth Mechanism
Ch. 2 The "Somewhat Optimal" Attributes of Capitalist Growth: Oligopolistic Competition and Routinization of Innovation 19
Ch. 3 Oligopolistic Rivalry and Routinization to Reduce Uncertainty 30
Ch. 4 Oligopolistic Rivalry and Routine Innovation Spending: Theory of the Engine of Unprecedented Capitalist Growth 43
Ch. 5 Independent Innovation in History: Productive Entrepreneurship and the Rule of Law 55
Ch. 6 Voluntary Dissemination of Proprietary Technology: Private Profit, Social Gain 73
Ch. 7 Oligopolistic Rivalry and Markets for Technology Trading 93
Ch. 8 Tradeoff: Innovation Incentives versus Benefits to Others (Distributive Externalities) 120
Pt. II Integration of Innovation into the Mainstream of Microtheory
Ch. 9 Oligopolistic Competition, Pricing, and Recoupment of Innovation Outlays 151
Ch. 10 Microeconomic Theory of Industrial Organization in the "Innovation-Machine" Economy 161
Ch. 11 Recouping Innovation Outlays and Pricing Its Products: Continued 183
Ch. 12 Models of Optimal Timing of Innovation 199
Ch. 13 Licensing for Profit: Efficiency Implications 215
Pt. III On the Macrodynamics of Capitalism
Ch. 14 Capitalism's Unique Innovation Machine: Historical Evidence 245
Ch. 15 Macroeconomic Models and Relationships That May Limit Growth 262
Ch. 16 Feedback: Innovation as a Self-Nourishing Process 284
Bibliography 299
Index 307


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