Innovation and industrial evolution -- History-friendly models: methods and fundamentals -- The US computer industry and the dynamics of concentration -- Vertical integration and dis-integration in the computer industry -- The pharmaceutical industry and the role of demand -- Reprise and conclusions

We examine the progress of the evolutionary research on innovation, the firm, and the dynamics of industries in the last four decades. The paper acknowledges that the themes related to knowledge and technological regimes, the evolutionary processes leading to innovation, and the long-term...