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English

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

Paperback • 2014 • English

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

By William J. Baumol

0 Ratings • 0.0 of 5

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About the book

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 s...Show more

Book details

ISBN

9780691116303

Publisher

Princeton : Princeton University Press

Published year

2014

Language

English

Original title

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

Format

Paperback

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