William Baumols Markttheorie unternehmerischer Innovation

This volume deals with the innovative approaches of the economist William Baumol, whose works on entrepreneurship, environmental policy, competition and the dynamics of the market system are regarded as fundamental in economic theory and policy for the understanding and the functionality of modern market economies. In his opinion, the government's role is not to override the market, even if it is producing undesirable results, but first and foremost to really bring it into operation. It is his goal to trigger learning processes which are essential for solving urgent social problems. One of the main merits of his unusually comprehensive and multifaceted complete works is the setting of standards which provide exceptionally important ideas for a further theoretical development.