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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
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