It is great to launch these conference proceedings from the ISS 2018 conference held in Seoul, July 2-4, Korea. The theme of the ISS 2018 was "Innovation, Catch-up, and Sustainable Development". Keun Lee, one of the guest editors of this volume, served as the President of the Society (2016-2018)...

This volume presents selected contributions from the 2018 conference of the International Schumpeter Society (ISS). The selected chapters in this volume reflect the state-of-the-art of Schumpeterian economics dedicated to the three conference topics innovation, catch-up, and sustainability....

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of...