This book addresses the foundations of economic growth at the firm level, combining both theoretical and econometric contributions by established scholars. Challenging contributions revisit Marshall's view on the management of innovation, investigate the decision of firms to venture into...

"In Dynamism Nobel Laureate Edmund Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega argue that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values-particularly the individualism and self-expression prevailing...