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The Free-Market Innovation Machine
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Rejects the conventional view that capitalism benefits society through price competition - that is, products and services become less costly as firms vie for consumers. While giving price competition due credit, this book stresses that large firms use innovation as a prime competitive weapon.
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The Free-Market Innovation Machine, William J. Baumol, Wallace E. Oates
- Language
- Released
- 2004
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- Title
- The Free-Market Innovation Machine
- Language
- English
- Authors
- William J. Baumol, Wallace E. Oates
- Publisher
- Princeton University Press
- Released
- 2004
- Format
- Paperback
- ISBN10
- 069111630X
- ISBN13
- 9780691116303
- Category
- Business and Economics, Textbooks, University and college textbooks
- Description
- Rejects the conventional view that capitalism benefits society through price competition - that is, products and services become less costly as firms vie for consumers. While giving price competition due credit, this book stresses that large firms use innovation as a prime competitive weapon.