The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism. By William J. Baumol. Princeton, NJ: Princeton University Press, 2002. Pp. xiv, 318. $35.00.
本书分析自由市场经济中寡头企业的寻租行为如何推动长期经济增长，并运用微观经济学工具研究技术创新，提出一个比罗默模型更丰富的内生增长模型。
This book, crammed with characteristically Baumolian insights, encompasses three main parts: one explaining how oligopolists' virtuous rent seeking has been the engine propelling long-term economic growth in free-market economies; one showing how the tools of microeconomics can be applied to analyze technological innovation; and one proposing a macroeconomic endogenous growth model with richer innovation-dependent features than those found in the models pioneered by Paul Romer ( Journal of Political Economy , October 1990) and others.