By Steven Klepper,Serguey Braguinsky,David A. Hounshell,John H. Miller
For a lot of the 20th century, American businesses led the area when it comes to technological growth. Why did yes industries have such nice good fortune? Experimental Capitalism examines six key industries—automobiles, pneumatic tires, tv receivers, semiconductors, lasers, and penicillin—and tracks the highs and lows of yank high-tech capitalism and the ensuing innovation panorama. using "nanoeconomics"—a deep dive into the formation and functioning of companies—Steven Klepper determines how particular businesses emerged to turn into the undisputed leaders that altered the process their industry's evolution.
Klepper delves into why a small variety of agencies got here to dominate their industries for a few years after an preliminary interval of tumult, together with normal automobiles, Firestone, and Intel. even if capitalism is outfitted at the inspiration of festival between many, he exhibits how the innovation technique clearly ended in such dominance. Klepper explores how this domination motivated the hunt for additional techniques. He additionally considers why industries cluster in particular geographical parts, akin to semiconductors in northern California, vehicles in Detroit, and tires in Akron. He unearths that early top corporations function involuntary education grounds for the following iteration of marketers who spin off new enterprises into the encircling zone. Klepper concludes his examine with a dialogue of the impression of presidency and the potential of coverage to reinforce a nation’s high-tech commercial base.
A fruits of a life of examine and proposal, Experimental Capitalism takes a dynamic examine how new rules and techniques resulted in America’s financial primacy.
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Additional info for Experimental Capitalism: The Nanoeconomics of American High-Tech Industries (The Kauffman Foundation Series on Innovation and Entrepreneurship)
Experimental Capitalism: The Nanoeconomics of American High-Tech Industries (The Kauffman Foundation Series on Innovation and Entrepreneurship) by Steven Klepper,Serguey Braguinsky,David A. Hounshell,John H. Miller