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Experimental Capitalism
Author: Steven Klepper

ISBN: 9780691169620
Format: Hardcover
Number Of Pages: 280
Published: 17 January 2016
Country of Publication: US
Dimensions (cm): 23.5 x 15.2 x 2.54
Description:
For much of the twentieth century, American corporations led the world in terms of technological progress. Why did certain industries have such great success? Experimental Capitalism examines six key industries automobiles, pneumatic tires, television receivers, semiconductors, lasers, and penicillin and tracks the highs and lows of American high-tech capitalism and the resulting innovation landscape.

Employing nanoeconomicsa deep dive into the formation and functioning of companies. Steven Klepper determines how specific companies emerged to become the undisputed leaders that altered the course of their industrys evolution. Klepper delves into why a small number of firms came to dominate their industries for many years after an initial period of tumult, including General Motors, Firestone, and Intel. Even though capitalism is built on the idea of competition among many, he shows how the innovation process naturally led to such dominance. Klepper explores how this domination influenced the search for further innovations.

He also considers why industries cluster in specific geographical areas, such as semico...

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