The Free–Market Innovation Machine – Analyzing the Growth Miracle of Capitalism

Print length: 330 pages
Language: English
Publisher: Princeton University Press
Publication date: 8 May 2002

Name: The Free–Market Innovation Machine – Analyzing the Growth Miracle of Capitalism
SKU: 9780691096155
Availability: InStock

SKU: 9780691096155

Original price was: ₹5,316.00.Current price is: ₹4,252.80.

Uncover the secrets behind capitalism’s unparalleled economic growth with “The Free–Market Innovation Machine.” Esteemed economist William Baumol redefines our understanding of capitalist success, moving beyond simple price competition to reveal the critical role of systematic, relentless innovation within firms. Discover how an “arms race” of new products and processes, alongside strategic technology sharing, fuels exponential living standard increases. Baumol, drawing on extensive research and corporate consulting, argues that this innovation engine, thriving under the rule of law, is the true driver of modern economic miracles. This seminal work offers a profound new perspective on the free-market system, vital for understanding and replicating economic prosperity. A must-read for economists, business leaders, and anyone interested in the engine of capitalist growth.

5 in stock

Category: Higher Education Textbooks Tag: William J Baumol