Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies

By: Eytan Sheshinski (Editor), Robert J. Strom (Editor), William J. Baumol (Editor)

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Hardcover | 10 April 2007

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Hardcover
400 Pages

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23.4 x 15.2 x 235

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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.

Industry Reviews

"This book brings together an absolutely first-rate group of thinkers, including several Nobel Prize winners, who were invited to a 2003 conference spurred by the publication of William J. Baumol's The Free-Market Innovation Machine. These thought-provoking essays illustrate the potential of Baumol's framework to considerably advance our understanding of what drives entrepreneurship, innovation, and long-term economic growth."-Scott Stern, Northwestern University
"This book's remarkable achievement is to gather some of the brightest minds in economics to discuss some of the most important issues in the field-innovation, entrepreneurship, and growth. It is particularly refreshing to see these topics addressed at a variety of levels and from a variety of research perspectives. The combination of microeconomists and macroeconomists, and even economic historians, is a rare instance of communication across the subfields of economics. This impressive book will be useful to both economics generalists and specialists."-Thomas Hellmann, University of British Columbia

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Preface	p. ix
Introduction	p. 1
Introductory: The Microeconomics and Macroeconomics of Growth
On Macroeconomic Models of Free-Market Innovation and Growth	p. 15
The Macro-context of the Microeconomics of Innovation	p. 20
Institutional Bases for Capitalist Growth
Introduction and Comments	p. 31
Institutional Bases for Capitalist Growth	p. 35
Capitalism and Economic Liberty: The Political Foundations of Economie Growth	p. 48
Innovation in Modern Corporations
Introduction and Comments	p. 73
Endogenous Forces in Twentieth-Century America	p. 80
Interfirm Collaboration Networks: The Impact of Network Structure on Rates of Innovation	p. 100
The Continuing Role of Independent Innovators and Entrepreneurs
Introduction and Comments	p. 135
The Small Entrepreneur	p. 140
Toward Analysis of Capitalism's Unparalleled Growth: Sources and Mechanism	p. 158
Dissemination of Technology and the Patent System
Introduction and Comments	p. 181
Patents, Licensing, and Entrepreneurship: Effectuating Innovation in Multi-invention Contexts	p. 185
The Market for Technology and the Organization of Invention in U.S. History	p. 213
Innovation and Trade
Introduction and Comments	p. 247
Innovation and lts Effects on International Trade	p. 261
Innovation, Diffusion, and Trade	p. 276
Finance and Innovation in the Free-Market Economy
Introduction and Comments	p. 303
Radical Financial Innovation	p. 306
Finance and Innovation	p. 324
Toward Some Lessons
Introduction and Comments	p. 339
The Economic Performance of Nations: Prosperity Depends on Dynamism, Dynamism on Institutions	p. 42
Pharmaceutical Patenting in Developing Countries and R&D	p. 357
Contributors	p. 367
Index	p. 369
Table of Contents provided by Ingram. All Rights Reserved.

Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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