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

Eytan Sheshinski (Hrsg.), Robert J. Strom (Hrsg.), William J. Baumol (Hrsg.)

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

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.

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Schlagwörter

Business idea, Economic development, Economic equilibrium, Market power, Venture capital, Financial innovation, Commercial Revolution, Product innovation, Market capitalization, New political economy, Accredited investor, Commercialization, National Savings Rate, Incentive, The Money of Invention, Profit (economics), Technology, Capital asset, Political entrepreneur, Investment, Organizational Innovation, Social innovation, Capital gain, New economy, Opportunity cost, Economic sector, Commercialism, Economic history of the United States, Market value, Investor, The Wealth of Nations, Research and development, Pareto efficiency, Economic freedom, Venture capital financing, Bureau of Economic Analysis, Developed country, Economy, Startup company, Neoclassical Growth Theory, Developing country, Total factor productivity, Economic bubble, Economic indicator, Economic policy, Profit motive, World economy, Good (economics), Emerging technologies, Market economy, Productivity, Economic growth, Economic interventionism, Algorithmic trading, Institutional economics, Knowledge economy, Economics, Institutional investor, Market development, Comparative advantage, Business ethics, Capital market, Neoclassical economics, Industrialisation, Endogenous growth theory, Capitalism, Economic forces, Entrepreneurship, Economic history, Patent