TABLE OF CONTENTS: Preface ix
INTRODUCTION by Eytan Sheshinski and Robert J. Strom 1
PART I: INTRODUCTORY: THE MICROECONOMICS AND MACROECONOMICS OF GROWTH Chapter 1: On Macroeconomic Models of Free-Market Innovation and Growth by Robert M. Solow 15
Chapter 2: The Macro-context of the Microeconomics of Innovation by Kenneth J. Arrow 20
PART II: INSTITUTIONAL BASES FOR CAPITALIST GROWTH Introduction and Comments by Michael M. Weinstein 31
Chapter 3: Institutional Bases for Capitalist Growth by Douglass C. North 35
Chapter 4: Capitalism and Economic Liberty: The Political Foundations of Economic Growth by Barry R. Weingast 48
PART III: INNOVATION IN MODERN CORPORATIONS Introduction and Comments by Ying Lowrey 73
Chapter 5: Endogenous Forces in Twentieth-Century America by Nathan Rosenberg 80
Chapter 6: Interfirm Collaboration Networks: The Impact of Network Structure on Rates of Innovation by Melissa A. Schilling and Corey Phelps 100
PART IV: THE CONTINUING ROLE OF INDEPENDENT INNOVATORS AND ENTREPRENEURS Introduction and Comments by Sylvia Nasar 135
Chapter 7: The Small Entrepreneur by Boyan Jovanovic and Peter L. Rousseau 140
Chapter 8: Toward Analysis of Capitalism's Unparalleled Growth: Sources and Mechanism by William J. Baumol 158
PART V: DISSEMINATION OF TECHNOLOGY AND THE PATENT SYSTEM Introduction and Comments by Edward N. Wolff 181
Chapter 9: Patents, Licensing, and Entrepreneurship: Effectuating Innovation in Multi-invention Contexts by Deepak Somaya and David J. Teece 185
Chapter 10: The Market for Technology and the Organization of Invention in U.S. History by Naomi R. Lamoreaux and Kenneth L. Sokoloff 213
PART VI: INNOVATION AND TRADE Introduction and Comments by Yochanan Shachmurove 247
Chapter 11: Innovation and Its Effects on International Trade by Ralph E. Gomory and William J. Baumol 261
Chapter 12: Innovation, Diffusion, and Trade by Jonathan Eaton and Samuel S. Kortum 276
PART VII: FINANCE AND INNOVATION IN THE FREE-MARKET ECONOMY Introduction and Comments by Alan S. Blinder 303
Chapter 13: Radical Financial Innovation by Robert J. Shiller 306
Chapter 14: Finance and Innovation by Burton G. Malkiel 324
PART VIII: TOWARD SOME LESSONS Introduction and Comments by Robert J. Strom 339
Chapter 15: The Economic Performance of Nations: Prosperity Depends on Dynamism, Dynamism on Institutions by Edmund S. Phelps 342
Chapter 16: Pharmaceutical Patenting in Developing Countries and R&D by Eytan Sheshinski 357
Contributors 367
Index 369
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