This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing...

The role played by qualitative change in economic development is examined and a model is proposed in which changes in the composition of the economic system are generated by the evolution of the system itself.This model of economic development is driven by the creation of new industrial sectors....