@article{311691,
      author = {Baumol, William J.},
      url = {http://library.usi.edu/record/311691},
      title = {The free-market innovation machine : analyzing the growth  miracle of capitalism /},
      publisher = {Princeton University Press,},
      abstract = {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 Baumol rejects the conventional view  that capitalism benefits society through price  competition--that is, products and services become less  costly as firms vie for consumers. Where most others have  seen this as the driving force behind growth, he sees  something different--a compound of systematic innovation  activity within the firm, an arms race in which no firm in  an innovating industry dares to fall behind the others in  new products and processes, and inter-firm collaboration in  the creation and use of innovations.},
      recid = {311691},
      pages = {xii, 318 p. :},
      address = {Princeton, NJ :},
      year = {2004},
}