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The free-market innovation machine: analyzing the growth miracle of capitalism
Abstract
Preface vii CHAPTER 1: Introduction: The Engine of Free-Market Growth 1 PART I: THE CAPITALIST GROWTH MECHANISM CHAPTER 2: The Somewhat 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
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Citations
Cited by
Entrepreneurial innovation: The importance of context
Autio, E., Kenney, M., Mustar, P., Siegel, D., & Wright, M. (2014) · Research Policy · doi:10.1016/j.respol.2014.01.015 · Cited by 1,456
The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism
Baumol, W. J. (2002) · Princeton University Press eBooks · doi:10.1515/9781400851638 · Cited by 1,200
Rubashkina, Y., Galeotti, M., & Verdolini, E. (2015) · Energy Policy · doi:10.1016/j.enpol.2015.02.014 · Cited by 1,041
Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition
Ayyagari, M., Demirgüç-Kunt, A., & Maksimovic, V. (2011) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109011000378 · Cited by 911
Entrepreneurship Capital and Economic Performance
Audretsch, D., & Keilbach, M. (2004) · Regional Studies · doi:10.1080/0034340042000280956 · Cited by 888
Metadata
- Venue
- Choice Reviews Online
- Publisher
- American Library Association
- Published
- 2002-09-01
- Volume
- 40
- Issue
- 01
- Pages
- 40-0406-40-0406
- ISSN
- 0009-4978 (ISSN-L)
- 1523-8253
- OpenAlex
- W1510023144
- Cited by
- 1,195
- References
- 0
- Type
- book review
- Language
- en
- Open access
- closed
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