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

CHAPTER 1 Introduction: The Engine of Free-Market Growth 1(18) PART I THE CAPITALIST GROWTH MECHANISM CHAPTER 2 The "Somewhat Optimal" Attributes of Capitalist Growth: Oligopolistic Competition and Routinization of Innovation 19(11) CHAPTER 3 Oligopolistic Rivalry and Routinization to Reduce Uncertainty 30(13) CHAPTER 4 Oligopolistic Rivalry and Routine Innovation Spending: Theory of the Engine of Unprecedented Capitalist Growth 43(12) CHAPTER 5 Independent Innovation in History: Productive Entrepreneurship and the Rule of Law 55(18) CHAPTER 6 Voluntary Dissemination of Proprietary Technology: Private Profit, Social Gain 73(20) CHAPTER 7 Oligopolistic Rivalry and Markets for Technology Trading 93(27) CHAPTER 8 Tradeoff: Innovation Incentives versus Benefits to Others (Distributive Externalities) 120(31) PART II INTEGRATION OF INNOVATION INTO THE MAINSTREAM OF MICROTHEORY CHAPTER 9 Oligopolistic Competition, Pricing, and Recoupment of Innovation Outlays 151(10) CHAPTER 10 Microeconomic Theory of Industrial Organization in the "Innovation-Machine" Economy 161(22) CHAPTER 11 Recouping Innovation Outlays and Pricing Its Products: Continued 183(16) CHAPTER 12 Models of Optimal Timing of Innovation 199(16) CHAPTER 13 Licensing for Profit: Efficiency Implications 215(30) PART III ON THE MACRODYNAMICS OF CAPITALISM CHAPTER 14 Capitalism's Unique Innovation Machine: Historical Evidence 245(17) CHAPTER 15 Macroeconomic Models and Relationships That May Limit Growth 262(22) CHAPTER 16 Feedback: Innovation as a Self-Nourishing Process 284(15) Bibliography 299(8) Index 307