Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface xi
4. Part I: Value
5. 1. The Problem with Price? It’s Not Value 3
6. 2. Value and Why It Matters 16
7. 3. The Theory of Value 33
8. Part II: Inos
9. 4. Knowledge and Innovation 55
10. 5. How Innovative Capabilities Enable Value Creation 71
11. 6. Allocating to Firms with a Unique Capability Mix 89
12. Part III: Clusters
13. 7. Birth and Growth of Clusters 101
14. 8. Cluster Convergence, Maturation, and Death 126
15. 9. Stable and Unstable Clusters 141
16. Part IV: Moats
17. 10. The Value of Moats 169
18. 11. How Moats Affect Cost, Competition, and Customer Forces 188
19. 12. Managing Moats, for Value Creation Today and Wealth Tomorrow 206
20. Part V: The Economy
21. 13. The Economy as a Macroprocessing Network 219
22. 14. Monetary Shocks and Their Implications for the Allocator 244
23. Part VI: The Nature of Value
24. 15. The Nature of Value Allocation 301
25. 16. Conclusion 317
26. Notes 319
27. Index 335