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Article
Intertemporal failures of the invisible hand: theory and implications for international market dominance
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Reference Work Entry In depth
Performing Arts
In the past two decades a substantial international literature on the economics of the arts has accumulated. Aside from the importance of the cultural contribution made by the arts, interest in the subject amo...
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Reference Work Entry In depth
Indivisibilities
A commodity is indivisible if it has a minimum size below which it is unavailable, at least without significant qualitative change. Indivisible inputs yield economies of scale and scope. But even where indivis...
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Reference Work Entry In depth
Entrepreneurship
This article describes the recent expansion of research on entrepreneurship, innovation and growth. Although the entrepreneur is widely credited with critical contributions to innovation and growth, the subjec...
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Reference Work Entry In depth
Ramsey Pricing
Ramsey prices are prices that are Pareto optimal subject to a constraint on the total profits of a single supplier or group of suppliers. In particular, because a firm whose activities are characterized by sca...
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Chapter
On the Pleasures and Gains of Collaboration in Microeconomics
Baumol classifies his coauthors as either “profound” or “fleeting,” and suggests that it is a “crime” to hold up the former over the latter. Collaboration was a medium to spread his knowledge into other areas ...
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Article
Joseph Schumpeter: the long run, and the short
Despite the short-run elements in his work, Schumpeter succeeded in drawing economists back in the other direction. This paper examines Schumpeter’s formal, analytical micro-model of entrepreneurship and innov...
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Article
Exploring Innovative Entrepreneurship and Its Ties to Higher Educational Experiences
The purpose of this paper was to explore innovative entrepreneurship and to gain insight into the educational practices and experiences that increase the likelihood that a student would graduate with innovativ...
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Article
Opportunities for Cost Reduction of Medical Care: Part 3
The level of health care spending in the United States and other developed nations is rising at a disturbingly rapid rate. However, in the United States, these increases are not justified by superior performan...
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Article
Mark Blaug (1927–2011)
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Chapter
Innovative Entrepreneurship and Policy: Toward Initiation and Preservation of Growth
A wide range of United States political policies influence the level of innovative entrepreneurial activity in the country, that is the number of new businesses started each year that bring truly new products ...
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Living Reference Work Entry In depth
Ramsey Pricing
Ramsey prices are prices that are Pareto optimal subject to a constraint on the total profits of a single supplier or group of suppliers. In particular, because a firm whose activities are characterized by sca...
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Reference Work Entry At a glance
Indivisibilities
A commodity is indivisible if it has a m1mmum size below which it is unavailable, at least without significant qualitative change. Most commodities are indivisible but this is often unimportant. Half a chair h...
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Reference Work Entry At a glance
Ramsey Pricing
Ramsey prices are prices that are Pareto optimal subject to a constraint on the total profits of a single supplier or group of suppliers. In particular, because a firm whose activities are characterized by sca...
-
Living Reference Work Entry In depth
Entrepreneurship
This article describes the recent expansion of research on entrepreneurship, innovation and growth. Although the entrepreneur is widely credited with critical contributions to innovation and growth, the subjec...
-
Living Reference Work Entry In depth
Indivisibilities
A commodity is indivisible if it has a minimum size below which it is unavailable, at least without significant qualitative change. Indivisible inputs yield economies of scale and scope. But even where indivis...
-
Reference Work Entry At a glance
Entrepreneurship
An entrepreneur is an individual who organizes, operates, and assumes the risk of creating new businesses. There are two types. A replicative entrepreneur organizes a new business firm that is like other firms...
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Article
Book reviews
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Article
Four Sources of Innovation and Stimulation of Growth in the Dutch Economy
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Article
Entrepreneurial Enterprises, Large Established Firms and Other Components of the Free-Market Growth Machine
The paper studies the principal influences accounting for the unprecedented growth and innovation performance of the free-market economies. It indicates that vigorous oligopolistic competition, particularly in...
