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The first part of the volume treats institutions, markets, and entrepreneurs, without which analysis of the firm makes little or no sense. The second part focuses on the firm as innovator, placing heavy emphasis on ...
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The first part of the volume treats institutions, markets, and entrepreneurs, without which analysis of the firm makes little or no sense. The second part focuses on the firm as innovator, placing heavy emphasis on the role of knowledge formation. The subjects of innovation and knowledge formation are approached from three perspectives: theoretical; industry (case) studies; and empirical (cross section and panel data) analysis. In the third part of the book the action moves from the firm to the "macro" or economy-wide level.
The volume's unique feature is combining institutions, the innovative behavior of firms, and an intuitively dynamic, macroeconomic analysis, all from a Schumpeterian perspective. It is argued that the study of micro-institutions such as firms and the evolving nature of markets are necessary ingredients to understanding macro-oriented phenomena such as economic growth. It is in this sense, then, that the book is concerned with microfoundations.
Contributors are Daniele Archibugi, Spyros Arvanitis, David B. Audretsch, John R. Baldwin, Gerard Ballot, Pontus Braunerhjelm, Dagobert L. Brito, Uwe Cantner, Bo Carlsson, Robert W. Clower, Richard Day, Rinaldo Evangelista, Jan Glete, Horst Hanusch, Heinz Hollenstein, Michael D. Intrilgator, George Johnson, Joanne Johnson, Aija Leiponen, Staffan Laestadius, Richard N. Langlois, Frank M. Machovec, Maureen McKelvey, Valentina Meiciani, Douglass C. North, Giulio Perani, Andreas Pyka, Fabio Rapiti, Roberto Simonetti, Frank Stafford, Paula E. Stephan, Erol Taymaz, Clas Wihlborg, Erica R. Worth, and S. Y. Wu.
Gunnar K. Eliasson is Professor of Industrial Economics, Royal Technical Institute (KTH), Stockholm. Christopher Green is Professor of Economics, McGill University. Charles R. McCann, Jr., is Research Associate, Department of Economics, University of Pittsburgh.
|Institutions, Organizations, and Market Competition||15|
|Paradigm Lost: The Walrasian Destruction of the Classical Conception of the Market||29|
|Schumpeter and Personal Capitalism||57|
|Entrepreneurs and Social Elites: Some Reflections on the Case of Sweden||83|
|A Discourse on a Model of the Entrepreneur-Centered Economy||94|
|Economic Efficiency with Enabling and Mandatory Law||109|
|Bounded Rationality and Firm Performance in the Experimental Economy||119|
|Routinized Innovations: Dynamic Capabilities in a Simulation Study||131|
|Innovation and Knowledge Spillovers: A Systems cum Evolutionary Perspective||156|
|Knowledge Sources in Biotechnology through the Schumpeterian Lens||169|
|R&D as Premarket Selection: Managing Uncertainty in Genetic Engineering and Broadband||188|
|Technology Level, Knowledge Formation, and Industrial Competence in Paper Manufacturing||212|
|Innovator Typologies, Related Competencies, and Performance||227|
|Competencies, Innovation, and Profitability of Firms||254|
|Firm Performance, Innovation, and Technological Spillovers: A Cross-Section Analysis with Swiss Firm Data||271|
|Relevance, Nature, and the Outcome of Innovation Activities: Evidence from the Italian Innovation Survey||285|
|Human Capital, Technological Lock-in, and Evolutionary Dynamics||301|
|Specialization in Areas of Strong Technological Opportunity and Economic Growth||331|
|Technology Regimes and the Distribution of Real Wages||348|
|Corporate Restructuring, Technological Change, and the Distribution of Labor Income||369|
|Intangible, Human-Embodied Capital and Firm Performance||389|
|New Microfoundations for the Theory of Economic Growth?||409|