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The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism by William J. Baumol

The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism

by William J. Baumol
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Book cover type: Paperback
  • ISBN13: 9780691116303
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Princeton University Press
  • Publisher Imprint: Princeton University Press
  • Publication Date:
  • Pages: 336
  • Original Price: USD 47.0
  • Language: English
  • Edition: Revised
  • Item Weight: 463 grams
  • BISAC Subject(s): Free Enterprise & Capitalism

Rejects the conventional view that capitalism benefits society through price competition - that is, products and services become less costly as firms vie for consumers. While giving price competition due credit, this book stresses that large firms use inn

William J. Baumol is Senior Research Economist and Professor of Economics, Emeritus, at Princeton University and Professor of Economics at New York University. The author, coauthor, or editor of more than thirty books, with translations into more than a dozen languages, Baumol has consulted for some of America's best-known firms. His books include Microeconomics, Superfairness, and Entrepreneurship, Management, and the Structure of Payoffs; among the books he has coauthored is Productivity and American Leadership.

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