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The free-market innovation machine : analyzing the growth miracle of capitalism /
Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William Baumol rejects the conventional view that capita...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton, NJ :
Princeton University Press,
[2004, 2002]
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| Edición: | First pbk. [edition]. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William 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. Where most others have seen this as the driving force behind growth, he sees something different--a compound of systematic innovation activity within the firm, an arms race in which no firm in an innovating industry dares to fall behind the others in new products and processes, and inter-firm collaboration in the creation and use of innovations. |
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| Descripción Física: | 1 online resource (xii, 318 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 299-306) and index. |
| ISBN: | 9781400851638 1400851637 069111630X 9780691116303 |