Books on innovation have proliferated in the last quarter of a century, during what the author describes as 'the Schumpeterian Renaissance'. This volume provides an authoritative account of many of these new developments and represents the foundation of much ongoing research on innovation.This superlative set of essays by Chris Freeman, founder of SPRU and one of the pioneers of innovation studies, will be of interest to anyone wanting to gain a deeper understanding of technical and social change. The wide-scope lens of the author covers topics ranging from business cycles, through National Systems of Innovation to the information technology paradigm. Having this valuable material in a single volume will be welcomed by all those involved in the economics of innovation, be it in theory, policy or practice.