Schumpeterian, evolutionary theory of innovation and competition, and the classical, Sraffian theory of prices and distribution. Can …, that is to say the development of an economy in which innovation and investment to capitalise on innovation are dominant … world innovation is innovation in the produced means of production, within the network of inter-industry input …

relation to the innovation process and its outcomes. This theme is firmly rooted in the Schumpeterian tradition in which an …

perspective on modern capitalism, to explain why it could never be at rest and to link its emergent properties to the capacity to … innovation, and the transient, out of equilibrium nature of all economic arrangements. In looking forward, I shall consider what …

capitalism is the product of ordering processes seems to me self evident and it is equally self evident that these structures are …