Openness to Creative Destruction by Diamond-Jr., Arthur M. -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Page Dedication Contents List of Figures and Tables Preface 1. An Economy of Innovative Dynamism

Prelude Where Dynamism Has Flourished Innovation Is Not Inevitable Good Inventions and Good Individual Inventors Are Scarce Innovative Dynamism Creates Leapfrog Competition Best Firm Size Evolves in Hard-to-Predict Ways Why Big Incumbent Firms Are Likely to Fail Firms Begin and End Coda

2. The Innovative Entrepreneur

Prelude Entrepreneurial Motives and the Project Entrepreneur The Epistemology of Innovation Entrepreneurs Are Typically Not Masters of Current Theory Forms of Knowing and Ways of Learning Learning from Serendipitous Discovery Learning from Clarifying Initially Inchoate Slow Hunches Learning from Trial-and-Error Experimentation Coda

3. The Great Fact and the Good Life

Prelude The Great Fact The Many Millennia of Poor, Nasty, Brutish, and Short The Good Life Coda

4. The Benefits: New Goods

Prelude New Goods The Most Important of New Goods: Cures for Diseases Let There Be Light Autos Give Us Autonomy Cool It New Ways to Make Music and See Stories Access to Information and Communication Coda

5. The Benefits: Process Innovations

Prelude The Benefits of Process Innovations Process Innovations Lower Prices of Goods Process Innovations Increase the Quality and Variety of Goods Coda

6. Easing the Pains of Labor

Prelude A Tale of Two Camera Stores The Pains of Labor The Joys of a Robustly Redundant Job Market More Jobs Are Created than Destroyed Computers and Robots Enhance Us More Than They Replace Us Innovative Dynamism Need Not Cause Economic Crises Easing Job Transitions Coda

7. The Benefits: Labor Gains

Prelude The Good Jobs Innovative Dynamism’s History of Improved Jobs Innovative Dynamism Improved Jobs in the Twentieth Century Innovative Dynamism Improved Jobs in Recent Decades Big, Intense Projects Growth in Free-Agent Entrepreneurs Coda

8. The Benefits: Morality, Equality, Mobility, Culture, and the Environment

Prelude We Treat Each Other Better Healthcare, Disaster Relief, and Giving Are More Effective Equality and Mobility The Muses Thrive The Environment Improves and Resources Are Created We Can Innovate to Reduce, or Adapt to, Global Warming Coda

9. Innovation Bound or Unbound by Culture and Institutions

Prelude Cultural Values Matter Institutions Matter What Matters Most Coda

10. Funding Inventors

Prelude Moral Case for Patents: Fairness and Opportunity Economic Case for Patents: Incentive, Enabler, and Source of Information Economic Case Against Patents: Monopoly Pricing, Legal Costs, and Barriers to the Interaction of Ideas How Patent Systems Once Worked Well How the US Patent System Could Work Well Again Coda

11. Funding Entrepreneurs

Prelude Examples of Self-Funding Why the Crucial Early Stage Is Self-Funded Self-Funding Is Still Useful at Later Stages Centrally Planned Funding Taxing Entrepreneurial Innovation Coda

12. Unbinding Regulations

Prelude Ever More Regulations Reasons to Regulate Financial Regulations Labor Regulations Health Regulations Deregulation Coda

13. Hope for a Better Future

Prelude Stagnation Is a Choice, Not a Necessity Innovative Health Entrepreneurs Coda

Overture Reader’s Guide on Innovative Dynamism Reader’s Guide on Inventors and Entrepreneurs Acknowledgments Notes Bibliography Index