This paper sketches a co-evolutionary model of the change dynamics characterizing industries submitted to radical transformation of their technological-institutional-economic structures. These structural changes take place within a rather long-term dynamics of innovation whose trajectory and...

Schumpeter had initially argued that the capitalist process is a process of the creative destruction of established industries by new combinations of resources and technologies by entrepreneurs. In contrast, observations of large scale projects in the second world war led him to argue that R&D...