000311691 000__ 02914cam\a2200301Ia\4500
000311691 001__ 311691
000311691 005__ 20210513113755.0
000311691 008__ 040507r20042002njua\\\\\b\\\\001\0\eng\\
000311691 020__ $$a069111630X (pbk. : alk. paper)
000311691 020__ $$a9780691116303 (pbk. : alk. paper)
000311691 035__ $$a(OCoLC)ocm55100361
000311691 035__ $$a311691
000311691 040__ $$aFGM$$cFGM$$dOCLCQ$$dBAKER
000311691 049__ $$aISEA
000311691 050_4 $$aHB501$$b.B38 2004
000311691 08204 $$a330.122
000311691 1001_ $$aBaumol, William J.
000311691 24514 $$aThe free-market innovation machine :$$banalyzing the growth miracle of capitalism /$$cWilliam J. Baumol.
000311691 250__ $$a[1st pbk. ed.].
000311691 260__ $$aPrinceton, NJ :$$bPrinceton University Press,$$c2004, c2002.
000311691 300__ $$axii, 318 p. :$$bill. ;$$c24 cm.
000311691 504__ $$aIncludes bibliographical references (p. 299-306) and index.
000311691 5050_ $$aIntroduction : the engine of free-market growth -- The "somewhat optimal" attributes of capitalist growth : oligopolistic competition and routinization of innovation -- Oligopolistic rivalry and routinization to reduce uncertainty -- Oligopolistic rivalry and routine innovation spending : theory of the engine of unprecedented capitalist growth -- Independent innovation in history : productive entrepreneurship and the rule of law -- Voluntary dissemination of proprietary technology : private profit, social gain -- Oligopolistic rivalry and markets for technology trading -- Tradeoff : innovation incentives versus benefits to others (distributive externalities) -- Oligopolistic competition, pricing, and recoupment of innovation outlays -- Microeconomic theory of industrial organization in the "innovation-machine" economy -- Recouping innovation outlays and pricing its products : continued -- Models of optimal timing of innovation -- Licensing for profit : efficiency implications -- Capitalism's unique innovation machine : historical evidence -- Macroeconomic models and relationships that may limit growth -- Feedback : innovation as a self-nourishing process.
000311691 520__ $$aWhy 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.
000311691 650_0 $$aCapitalism.
000311691 650_0 $$aEconomic development.
000311691 650_0 $$aTechnological innovations$$xEconomic aspects.
000311691 85200 $$bgen$$hHB501$$i.B38$$i2004
000311691 909CO $$ooai:library.usi.edu:311691$$pGLOBAL_SET
000311691 980__ $$aBIB
000311691 980__ $$aBOOK
000311691 994__ $$aC0$$bISE