Entrepreneurship, innovation, and the growth mechanism of the free-enterprise economies / edited by Eytan Sheshinski, Robert J. Strom, and William J. Baumol.

Format:

Book

Contributor:

Baumol, William J., editor.

Sheshinski, Eytan, editor.

Strom, Robert J., 1946- editor.

Language:

English

Subjects (All):

Economic development--Congresses.

Economic development.

Entrepreneurship--Congresses.

Entrepreneurship.

Technological innovations--Congresses.

Technological innovations.

Physical Description:

1 online resource (464 pages) : illustrations

Place of Publication:

Princeton, New Jersey : Princeton University Press, [2007]

Summary:

How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free-enterprise economies? In this book, some of the world's leading economists tackle this difficult and understudied question, and their responses shed new light on how free-market economies work--and what policies most encourage their growth. The contributors take as their starting point William J. Baumol's 2002 book The Free-Market Innovation Machine (Princeton), which argued that independent entrepreneurs are far more important to growth than economists have traditionally thought, and that an implicit partnership between such entrepreneurs and large corporations is critical to the success of market economies. The contributors include the editors and Robert M. Solow, Kenneth J. Arrow, Michael M. Weinstein, Douglass C. North, Barry R. Weingast, Ying Lowrey, Nathan Rosenberg, Melissa A. Schilling, Corey Phelps, Sylvia Nasar, Boyan Jovanovic, Peter L. Rousseau, Edward N. Wolff, Deepak Somaya, David J. Teece, Naomi R. Lamoreaux, Kenneth L. Sokoloff, Yochanan Shachmurove, Ralph E. Gomory, Jonathan Eaton, Samuel S. Kortum, Alan S. Blinder, Robert J. Shiller, Burton G. Malkiel, and Edmund S. Phelps.

Contents:

Frontmatter

Contents

Preface

Introduction

Part I INTRODUCTORY: THE MICROECONOMICS AND MACROECONOMICS OF GROWTH

Chapter 1 On Macroeconomic Models of Free-Market Innovation and Growth

Chapter 2 The Macro-context of the Microeconomics of Innovation

Part II INSTITUTIONAL BASES FOR CAPITALIST GROWTH

Introduction and Comments

Chapter 3 Institutional Bases for Capitalist Growth

Chapter 4 Capitalism and Economic Liberty: The Political Foundations of Economic Growth

Part III INNOVATION IN MODERN CORPORATIONS

Chapter 5 Endogenous Forces in Twentieth-Century America

Chapter 6 Interfirm Collaboration Networks: The Impact of Network Structure on Rates of Innovation

Part IV THE CONTINUING ROLE OF INDEPENDENT INNOVATORS AND ENTREPRENEURS

Chapter 7 The Small Entrepreneur

Chapter 8 Toward Analysis of Capitalism’s Unparalleled Growth: Sources and Mechanism

Part V DISSEMINATION OF TECHNOLOGY AND THE PATENT SYSTEM

Chapter 9 Patents, Licensing, and Entrepreneurship: Effectuating Innovation in Multi-invention Contexts

Chapter 10 The Market for Technology and the Organization of Invention in U.S. History

Part VI INNOVATION AND TRADE

Chapter 11 Innovation and Its Effects on International Trade

Chapter 12 Innovation, Diffusion, and Trade

Part VII FINANCE AND INNOVATION IN THE FREE-MARKET ECONOMY

Chapter 13 Radical Financial Innovation

Chapter 14 Finance and Innovation

Part VIII TOWARD SOME LESSONS

Chapter 15 The Economic Performance of Nations: Prosperity Depends on Dynamism, Dynamism on Institutions

Chapter 16 Pharmaceutical Patenting in Developing Countries and R&D

Contributors

Index

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780691227641

0691227640

OCLC:

1236264659