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

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

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. Drawing on extensive research, he shows that the capitalist growth process comes far closer to the requirements of economic efficiency than is typically understood.

The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism 2014, Princeton University Press, Princeton, NJ

ISBN-13: 9780691116303

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The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism 2002, Princeton University Press, Princeton, NJ

ISBN-13: 9780691096155

Hardcover

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