Technical innovations and organizational innovations are of major importance for the competitive performance of firms and of nations and for the long term growth of the world economy. This area of economics has been subjected to an explosion of theoretical and empirical research during the last 30 years by economists in the United States and more recently their colleagues in Europe and Japan. This volume focuses attention on the most significant advances both in theoretical and empirical work published in leading journals of economics as well as in journals dealing with policies for science and technology. It covers all the major developments including evolutionary theory, strategies of firms, path dependency, diffusion of innovations and paradigm change.
Christopher Freeman (September 11, 1921 – August 16, 2010) was an English economist, the founder and first director of Science and Technology Policy Research at the University of Sussex, and one of the most eminent researchers in innovation studies, modern Kondratiev wave and business cycle theorists. Freeman contributed substantially to the revival of the neo-Schumpeterian tradition focusing on the crucial role of innovation for economic development and of scientific and technological activities for well-being.