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Introduction to Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies
[Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies]

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Author Info

  • Eytan Sheshinski

    (Hebrew University, Jerusalem)

  • Robert J. Strom

    (Ewing Marion Kauffman Foundation)

Abstract

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.

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Bibliographic Info

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This chapter was published in: Eytan Sheshinski & Robert J. Strom & William J. Baumol (ed.) , , pages , 2007.

This item is provided by Princeton University Press in its series Introductory Chapters with number 8439-1.

Handle: RePEc:pup:chapts:8439-1

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Web page: http://press.princeton.edu

Related research

Keywords: entrepreneurship; innovation; growth; free-market economies; independent entrepreneurs; partnerships; corporations;

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Cited by:
  1. Weber, Richard & Graevenitz, Georg von & Harhoff, Dietmar, 2009. "The Effects of Entrepreneurship Education," Discussion Papers in Business Administration 10966, University of Munich, Munich School of Management.
  2. Yochanan Shachmurove, 2011. "First-Round Entrepreneurial Investments: Where, When and Why?," PIER Working Paper Archive 11-017, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  3. Graevenitz, Georg von & Weber, Richard, 2011. "How to Educate Entrepreneurs?," Discussion Papers in Business Administration 12440, University of Munich, Munich School of Management.
  4. Naomi R. Lamoreaux & Kenneth L. Sokoloff & Dhanoos Sutthiphisal, 2008. "The Reorganization of Inventive Activity in the United States during the Early Twentieth Century," NBER Chapters, in: Understanding Long-Run Economic Growth: Geography, Institutions, and the Knowledge Economy, pages 235-274 National Bureau of Economic Research, Inc.

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