Introduction Franco Malerba and Stefano Brusoni; Part I. Innovation and Economic Growth:1. Understanding economic growth as the central task of economic analysis Richard R. Nelson; 2. Innovation and economic growth theory: a Schumpeterian legacy and agenda Bart Verspagen; Part II. The Micro-dynamics of the Innovation Process: 3. Schumpeter's prophecy and individual incentives as a driver of innovation Wesley M. Cohen and Henry Sauermann; 4. Creative destruction in the PC industry Timothy Bresnahan; Part III. Innovation and Industrial Dynamics: 5. Statistical regularities in the evolution of industries: a guide through some evidence and challenges for the theory Giovanni Dosi; 6. Spinoff entry in high-tech industries: motives and consequences Steven Klepper and Peter Thompson; Part IV. Innovation and Institutions: 7. Schumpeterian innovation in institutions Masahiko Aoki; 8. Innovation in Europe's academic institutions Paul A. David; Part V. Innovation, Firms' Organization and Business Strategies: 9. Bringing selection back into our evolutionary theories of innovation Daniel A. Levinthal; 10. From leadership to management: mobilizing knowledge for innovationYves L. Doz, Andrea Cuomo and Julie Wrazel; Part VI. Innovation and Entrepreneurship: 11. Schumpeterian legacies for entrepreneurship and networks: the social dimensions of entrepreneurial action Piera Morlacchi; 12. Knowledge-based entrepreneurship: the organizational side of technology commercialization Ulrich Witt and Christian Zellner; Part VII. Innovation and the Evolution of the University System: 13. Academic entrepreneurs and technology transfer: who participates and why? Janet Bercovitz and Maryann Feldman; 14. Modelling and measuring scientific production: a first estimation for a panel of OECD countries Gustavo Crespi and Aldo Geuna; Part VIII. Innovation and Public Policy: 15. Innovation systems, innovation policy and restless capitalism Stan Metcalfe; 16. Intellectual property rights and competition policy Paul A. Geroski; 17. The policy shaper's anxiety at the innovation kick: how far do innovation theories really help in the world of policy? Paraskevas Caracostas; Part IX. Chapter Commentaries Jan Fagerberg, Ashish Arora, Luigi Orsenigo, Bengt-Ake Lundvall, Sidney G. Winter, Maureen McKelvey and W. Edward Steinmueller; Index.

Bringing together many leading figures in the field, this important collection offers detailed analyses of topics that are crucial for understanding innovation; topics that researchers are just beginning to explore; and topics that continue to defy our efforts to understand and systematise.