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

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

by WilliamJ.Baumol (Author)

Synopsis

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 innovation as a prime competitive weapon.

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More Information

Format: Paperback
Pages: 334
Edition: Revised ed.
Publisher: Princeton University Press
Published: 11 Apr 2004

ISBN 10: 069111630X
ISBN 13: 9780691116303