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

Preface ix Introduction 1(14) Eytan Sheshinski Robert J. Strom PART I: INTRODUCTORY: THE MICROECONOMICS AND MACROECONOMICS OF GROWTH On Macroeconomic Models of Free-Market Innovation and Growth 15(5) Robert M. Solow The Macro-context of the Microeconomics of Innovation 20(11) Kenneth J. Arrow PART II: INSTITUTIONAL BASES FOR CAPITALIST GROWTH Introduction and Comments 31(4) Michael M. Weinstein Institutional Bases for Capitalist Growth 35(13) Douglass C. North Capitalism and Economic Liberty: The Political Foundations of Economic Growth 48(32) Barry R. Weingast PART III: INNOVATION IN MODERN CORPORATIONS Introduction and Comments 73(7) Ying Lowrey Endogenous Forces in Twentieth-Century America 80(20) Nathan Rosenberg Interfirm Collaboration Networks: The Impact of Network Structure on Rates of Innovation 100(40) Melissa A. Schilling Corey Phelps PART IV: THE CONTINUING ROLE OF INDEPENDENT INNOVATORS AND ENTREPRENEURS Introduction and Comments 135(5) Sylvia Nasar The Small Entrepreneur 140(18) Boyan Jovanovic Peter L. Rousseau Toward Analysis of Capitalism's Unparalleled Growth: Sources and Mechanism 158(27) William J. Baumol PART V: DISSEMINATION OF TECHNOLOGY AND THE PATENT SYSTEM Introduction and Comments 181(4) Edward N. Wolff Patents, Licensing, and Entrepreneurship: Effectuating Innovation in Multi-invention Contexts 185(28) Deepak Somaya David J. Teece The Market for Technology and the Organization of Invention in U.S. History 213(48) Naomi R. Lamoreaux Kenneth L. Sokoloff PART VI: INNOVATION AND TRADE Introduction and Comments 247(14) Yochanan Shachmurove Innovation and Its Effects on International Trade 261(15) Ralph E. Gomory William J. Baumol Innovation, Diffusion, and Trade 276(30) Jonathan Eaton Samuel S. Kortum PART VII: FINANCE AND INNOVATION IN THE FREE-MARKET ECONOMY Introduction and Comments 303(3) Alan S. Blinder Radical Financial Innovation 306(18) Robert J. Shiller Finance and Innovation 324(18) Burton G. Malkiel PART VIII: TOWARD SOME LESSONS Introduction and Comments 339(3) Robert J. Strom The Economic Performance of Nations: Prosperity Depends on Dynamism, Dynamism on Institutions 342(15) Edmund S. Phelps Pharmaceutical Patenting in Developing Countries and R&D 357(10) Eytan Sheshinski Contributors 367(2) Index 369