Steven Klepper’s long awaited book is now out. 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 “nanoeconomics”—a 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 industry’s evolution. Princeton University Press has made the first chapter of Klepper available for free download. More info at Princeton University Press. New: Charlie Williams and Ronnie Chatterjee discuss the book in their podcast on Soundcloud and iTunes.
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