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

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. Read More

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. Read Less

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  	This is a digital edition of this title. Buy eBook Lifetime Access: $44.00 Title: The Free-Market Innovation Machine by William J. Baumol Publisher: Princeton University Press Print ISBN: 9780691116303, 069111630X eText ISBN: 9781400851638 Edition: 2004 Revised edition Format: EPUB eBook	$44.00 Buy eBook This is a digital eBook Nothing will be shipped to you Works with web browsers and the VitalSource app on all Windows, Mac, Chromebook, Kindle Fire, iOS, and Android devices Most eBooks are returnable within 14 days of purchase Questions? See our eBook FAQ