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.
General
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