This chapter is about radical innovation and disruptive technological change. Discovering the nature and mechanisms of … disruptive technological change can help to understand the long-run dynamics of innovation and map profound transformation in … here remain the cornerstone of a useful theory of innovation and change even in our current complex sociotechnical …

Schumpeter, a century ago, argued that boom-and-bust cycles are intrinsically related to the functioning of a … capitalistic economy. These cycles, inherent to the rise of innovation, are an unavoidable consequence of the way in which markets … evolve and assimilate successive technological revolutions. Furthermore, Schumpeter's analysis stressed the fundamental role …