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Articles Competitive Exchange, Acs & Gerlowski, Chapter 2, pp. 34-63. ????, Articles "America, and the Entrepreneur" Schumpeter Summary (more) [Innovation creates waves of Creative Destruction] Entrepreneurs, Summary (more) [diminishing returns & knowledge-based industries] Nonlinear Dynamics Summary (more), Summary (more) [diminishing returns & knowledge-based industries] Nonlinear Dynamics Chaos Theory (more), Summary (more) ???? Property Rights [Bedrock of capitalism], Summary (more) ???? Investment is life blood of capitalism, Articles "Methodology of Positive Economics" Milton Friedman Summary (more) Positive vs Normative Economics, Articles Neoclassical Theory of the Firm, Acs & Gerlowski, Chapter 3, pp. 64-87. ????, Articles *H. Demsetz. 1967. Toward a theory of property rights. American Economic Review, 57, 2, 347-359. Summary (more) [Primary mission of property rights - guide incentives to achieve greater internalization of externalities], Articles "Irrelevance of Equilibrium Economics" Kaldor Summary (more) [Equilibrium theory discounts idea of Increasing Returns & requires unreal assumptions to exist], Summary (more) [diminishing returns & knowledge-based industries] Nonlinear Dynamics Summary (more), Summary (more) [diminishing returns & knowledge-based industries] Nonlinear Dynamics Chaos Theory (more), Summary (more) ???? Pursuing Self Interest [benefits society], Articles "The Nature of the Firm" Coase Summary (more) [Firms exist to reduce transaction costs] [Firms are bundles of contracts], Articles *W.B. Arthur. 1989. Competing technologies, increasing returns, and lock-in by historical events. Economic Journal, 99, 1, 116-131. Summary (more) [Dynamically, increasing returns can cause the economy to lock itself into an outcome not necessarily superior to alternatives], Articles "Capitalism's Miracle Period After WWII Summary (more) [1950-1973 increase in GDP make USA world's wealthiest], Summary (more) ???? Markets efficiently distribute [goods, svcs, prices for assets], Summary (more) ???? Markets efficiently distribute [goods, svcs, prices for assets], Articles *R.H. Coase. 1960. The problem of social cost. Journal of Law and Economics, 3, 1-44. ????, Articles "Hallmarks of Modern Capitalism" Summary (more), Articles *W.B. Arthur. 1990. Positive feedbacks in the economy. Scientific American, 262, 2, 92-99. Summary (more) [diminishing returns & knowledge-based industries], Summary (more) ???? Property Owners [use property for beneficial ends], Investment is life blood of capitalism ???? Enalbles Bigger, better, faster products, svcs. to be produced