Baumol The Free-Market Innovation Machine

Analyzing the Growth Miracle of Capitalism
Course Book
ISBN: 978-1-4008-5163-8
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 336 Seiten

No detailed description available for "The Free-Market Innovation Machine".

Autoren/Hrsg.

Baumol, William J.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

Preface vii

CHAPTER 1: Introduction: The Engine of Free-Market Growth 1

PART I: THE CAPITALIST GROWTH MECHANISM

CHAPTER 2: The "Somewhat Optimal" Attributes of Capitalist Growth: Oligopolistic Competition and Routinization of Innovation 19

CHAPTER 3: Oligopolistic Rivalry and Routinization to Reduce Uncertainty 30

CHAPTER 4: Oligopolistic Rivalry and Routine Innovation Spending: Theory of the Engine of Unprecedented Capitalist Growth 43

CHAPTER 5: Independent Innovation in History: Productive Entrepreneurship and the Rule of Law 55

CHAPTER 6: Voluntary Dissemination of Proprietary Technology: Private Profit, Social Gain 73

CHAPTER 7: Oligopolistic Rivalry and Markets for Technology Trading 93

CHAPTER 8: Tradeoff: Innovation Incentives versus Benefits to Others (Distributive Externalities) 120

PART II: INTEGRATION OF INNOVATION INTO THE MAINSTREAM OF MICROTHEORY

CHAPTER 9: Oligopolistic Competition, Pricing, and Recoupment of Innovation Outlays 151

CHAPTER 10: Microeconomic Theory of Industrial Organization in the "Innovation-Machine" Economy 161

CHAPTER 11: Recouping Innovation Outlays and Pricing Its Products: Continued 183

CHAPTER 12: Models of Optimal Timing of Innovation 199

CHAPTER 13: Licensing for Profit: Efficiency Implications 215

PART III: ON THE MACRODYNAMICS OF CAPITALISM

CHAPTER 14: Capitalism's Unique Innovation Machine: Historical Evidence 245

CHAPTER 15: Macroeconomic Models and Relationships That May Limit Growth 262

CHAPTER 16: Feedback: Innovation as a Self-Nourishing Process 284

Bibliography 299

Index 307

Über Autor(innen)

William J. Baumol is Senior Research Economist and Professor of Economics, Emeritus, at Princeton University and Professor of Economics at New York University. The author, coauthor, or editor of more than thirty books, with translations into more than a dozen languages, Baumol has consulted for some of America's best-known firms. His books include Microeconomics, Superfairness, and Entrepreneurship, Management, and the Structure of Payoffs; among the books he has coauthored is Productivity and American Leadership.