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

In: Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies

Author

Listed:
  • 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.

Suggested Citation

  • Eytan Sheshinski & Robert J. Strom, 2007. "Introduction to Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies," Introductory Chapters, in: Eytan Sheshinski & Robert J. Strom & William J. Baumol (ed.),Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies, Princeton University Press.
  • Handle: RePEc:pup:chapts:8439-1
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    Citations

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    Cited by:

    1. 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.
    2. Jeffrey A. Martin, 2011. "Dynamic Managerial Capabilities and the Multibusiness Team: The Role of Episodic Teams in Executive Leadership Groups," Organization Science, INFORMS, vol. 22(1), pages 118-140, February.
    3. von Graevenitz, Georg & Harhoff, Dietmar & Weber, Richard, 2010. "The effects of entrepreneurship education," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 90-112, October.
    4. Graevenitz, Georg von & Weber, Richard, 2011. "How to Educate Entrepreneurs?," Discussion Papers in Business Administration 12280, University of Munich, Munich School of Management.
    5. Francesco Ceresia, 2018. "The Role of Entrepreneurship Education in Fostering Entrepreneurial Intentions and Performances: A Review of 30 Years of Research," Revista Equidad y Desarrollo, Universidad de la Salle, issue 31, pages 47-66, June.
    6. 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.
    7. Burton G. Malkiel, 2017. "In Memoriam," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 45(3), pages 273-282, September.
    8. Frederick A. Lins & Robert H. Doktor, 2014. "A Theory of Entrepreneurial Opportunity Discovery, Knowledge Creation, and Decision-Making," Business and Management Research, Business and Management Research, Sciedu Press, vol. 3(1), pages 18-30, March.

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