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

2021-03-09 Business & Economics
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Release : 2021-03-09
Genre : Business & Economics
Kind : eBook
Book Rating : 640/5 ( reviews)

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Book Synopsis Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies by : Eytan Sheshinski

Download or read book Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies written by Eytan Sheshinski. This book was released on 2021-03-09. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Free-Market Innovation Machine

2004-04-11 Business & Economics
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Release : 2004-04-11
Genre : Business & Economics
Kind : eBook
Book Rating : 30X/5 ( reviews)

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Book Synopsis The Free-Market Innovation Machine by : William J. Baumol

Download or read book The Free-Market Innovation Machine written by William J. Baumol. This book was released on 2004-04-11. Available in PDF, EPUB and Kindle. Book excerpt: 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. While giving price competition due credit, Baumol stresses that large firms use innovation as a prime competitive weapon. However, as he explains it, firms do not wish to risk too much innovation, because it is costly, and can be made obsolete by rival innovation. So firms have split the difference through the sale of technology licenses and participation in technology-sharing compacts that pay huge dividends to the economy as a whole--and thereby made innovation a routine feature of economic life. This process, in Baumol's view, accounts for the unparalleled growth of modern capitalist economies. Drawing on extensive research and years of consulting work for many large global firms, Baumol shows in this original work that the capitalist growth process, at least in societies where the rule of law prevails, comes far closer to the requirements of economic efficiency than is typically understood. Resounding with rare intellectual force, this book marks a milestone in the comprehension of the accomplishments of our free-market economic system--a new understanding that, suggests the author, promises to benefit many countries that lack the advantages of this immense innovation machine.

The Entrepreneur

2016-11-22 Business & Economics
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Release : 2016-11-22
Genre : Business & Economics
Kind : eBook
Book Rating : 907/5 ( reviews)

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Book Synopsis The Entrepreneur by : Sophie Boutillier

Download or read book The Entrepreneur written by Sophie Boutillier. This book was released on 2016-11-22. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the economic theories with regards to the entrepreneur of yesterday and those of more recent years, on which issue research has been developing exponentially since the last third of the 20th Century. Much of this book will be devoted to contemporary theories. This presentation of economic theories of the entrepreneur leads us to wonder about the structural development of the free enterprise system in the short and the long term. The proliferation of entrepreneurial initiatives leads in effect to a profound transformation of modes of production and work, for example under the current phenomenon of uberization economy.

Innovation nation

2008-03-13 Business & Economics
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Release : 2008-03-13
Genre : Business & Economics
Kind : eBook
Book Rating : 523/5 ( reviews)

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Book Synopsis Innovation nation by : Great Britain. Department for Innovation, Universities and Skills

Download or read book Innovation nation written by Great Britain. Department for Innovation, Universities and Skills. This book was released on 2008-03-13. Available in PDF, EPUB and Kindle. Book excerpt: This White Paper represents the ambition of Government to promote innovation across society as a tool to develop and generate economic prosperity and improve the quality of life throughout the UK. The policies include proposals about how Government can use procurement and regulation to promote innovation in business and make the public sector and public services more innovative. The White Paper is in 10 chapters: The role of government; demanding innovation; supporting business innovation; the need for a strong and innovative research base; international innovation; innovative people; public sector innovation; innovative places and the innovation nation: next steps. An Annex sets out the development of this White Paper. Published alongside the White Paper is 'Implementing "The Race to the Top": Lord Sainsbury's review of Government's science and innovation' (ISBN 9780108507175). Lord Sainsbury's review published in October 2007 (HM Treasury, ISBN 9781845323561, http://www.hm-treasury.gov.uk/media/5/E/sainsbury_review051007.pdf) and also relevant is the 2008 Enterprise Strategy (http://www.hm-treasury.gov.uk/media/E/3/bud08_enterprise_524.pdf)

Entrepreneurship and Economic Development

2010-12-08 Business & Economics
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Release : 2010-12-08
Genre : Business & Economics
Kind : eBook
Book Rating : 150/5 ( reviews)

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Book Synopsis Entrepreneurship and Economic Development by : Wim Naudé

Download or read book Entrepreneurship and Economic Development written by Wim Naudé. This book was released on 2010-12-08. Available in PDF, EPUB and Kindle. Book excerpt: Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.

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