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The free-market innovation machine : analyzing the growth miracle of capitalism / William J. Baumol.
LIBRA HB501 .B38 2002
Available from offsite location
- Format:
- Book
- Author/Creator:
- Baumol, William J.
- Language:
- English
- Subjects (All):
- Capitalism.
- Economic development.
- Technological innovations--Economic aspects.
- Technological innovations.
- Physical Description:
- xii, 318 pages : illustrations ; 25 cm
- Place of Publication:
- Princeton : Princeton University Press, [2002]
- Summary:
- 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. Drawing on extensive research, he shows that the capitalist growth process comes far closer to the requirements of economic efficiency than is typically understood.
- Notes:
- Includes bibliographical references (pages 299-306) and index.
- Local Notes:
- Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.
- ISBN:
- 0691096155
- OCLC:
- 48474147
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