O Intermitente
(So long, farewell, auf weidersehen, good-bye)

quarta-feira, fevereiro 18, 2004

O conhecido Johan Norberg recomenda o livro The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism de William J Baumol.

Neste Baumol defende que a principal força do capitalismo (e desta forma a principal causa do crescimento económico) está, não na competição via preço mas, no constante processo de inovação empresarial

While giving price competition due credit, Baumol stresses that large firms use innovation as a prime competitive weapon. However, as he explains it, firms do not wish to risk too much innovation, because it is costly, and can be made obsolete by rival innovation. So firms have split the difference through the sale of technology licenses and participation in technology-sharing compacts that pay huge dividends to the economy as a whole--and thereby made innovation a routine feature of economic life. This process, in Baumol's view, accounts for the unparalleled growth of modern capitalist economies. Drawing on extensive research and years of consulting work for many large global firms, Baumol shows in this original work that the capitalist growth process, at least in societies where the rule of law prevails, comes far closer to the requirements of economic efficiency than is typically understood.

Podem ler aqui um excerto do primeiro capitulo.
posted by Miguel Noronha 12:42 da tarde