Stefano Brusoni is Associate Professor of Applied Economics at Bocconi University, Milan. He is Deputy Director of CESPRI and coordinator of EMIT (MSc in Economics of Innovation and Technology). He obtained his PhD from the University of Sussex (UK) in 2002. His research interests include the division and coordination of innovative labour, the organizational implications of modular design strategies, and the analysis of knowledge production and distribution processes within and across firms. He has published his work in leading international journals such as Administrative Science Quarterly, Organization Science, Research Policy, Organization Studies, Economics of Innovation and New Technology, Industrial and Corporate Change, the Journal of Evolutionary Economics and the Journal of Management Studies. Franco Malerba is Professor of Industrial Economics and Director of CESPRI at Bocconi University, Milan.

'Research on the economics of innovation has enjoyed a remarkable resurgence in recent years. In this volume, leading scholars in the field focus on gaps in our understanding of innovation, rather than summarizing what is known. Its emphasis on gaps in knowledge, combined with the broad perspectives that deal with industrial dynamics, technology policy, firm strategy, and institutional issues, make this volume indispensable to scholars and students alike.' David Mowery, William A. and Betty H. Hasler Professor of New Enterprise Development, University of California at Berkeley

• 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.

Stefano Brusoni is Associate Professor of Applied Economics at Bocconi University, Milan. He is Deputy Director of CESPRI and coordinator of EMIT (MSc in Economics of Innovation and Technology). He obtained his PhD from the University of Sussex (UK) in 2002. His research interests include the division and coordination of innovative labour, the organizational implications of modular design strategies, and the analysis of knowledge production and distribution processes within and across firms. He has published his work in leading international journals such as Administrative Science Quarterly, Organization Science, Research Policy, Organization Studies, Economics of Innovation and New Technology, Industrial and Corporate Change, the Journal of Evolutionary Economics and the Journal of Management Studies. Franco Malerba is Professor of Industrial Economics and Director of CESPRI at Bocconi University, Milan.

'Research on the economics of innovation has enjoyed a remarkable resurgence in recent years. In this volume, leading scholars in the field focus on gaps in our understanding of innovation, rather than summarizing what is known. Its emphasis on gaps in knowledge, combined with the broad perspectives that deal with industrial dynamics, technology policy, firm strategy, and institutional issues, make this volume indispensable to scholars and students alike.' David Mowery, William A. and Betty H. Hasler Professor of New Enterprise Development, University of California at Berkeley

• 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.

Stefano Brusoni is Associate Professor of Applied Economics at Bocconi University, Milan. He is Deputy Director of CESPRI and coordinator of EMIT (MSc in Economics of Innovation and Technology). He obtained his PhD from the University of Sussex (UK) in 2002. His research interests include the division and coordination of innovative labour, the organizational implications of modular design strategies, and the analysis of knowledge production and distribution processes within and across firms. He has published his work in leading international journals such as Administrative Science Quarterly, Organization Science, Research Policy, Organization Studies, Economics of Innovation and New Technology, Industrial and Corporate Change, the Journal of Evolutionary Economics and the Journal of Management Studies. Franco Malerba is Professor of Industrial Economics and Director of CESPRI at Bocconi University, Milan.

'Research on the economics of innovation has enjoyed a remarkable resurgence in recent years. In this volume, leading scholars in the field focus on gaps in our understanding of innovation, rather than summarizing what is known. Its emphasis on gaps in knowledge, combined with the broad perspectives that deal with industrial dynamics, technology policy, firm strategy, and institutional issues, make this volume indispensable to scholars and students alike.' David Mowery, William A. and Betty H. Hasler Professor of New Enterprise Development, University of California at Berkeley

• 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.