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'This important new book provides a penetrating, novel analysis of the key role played by knowledge when viewed through the lens of Schumpeterian economics.
Explores the characteristics of the path dependent dynamics of localized technological change, demonstrating how the economics of complexity can inform our understanding of the economics of innovation and vice versa.
Written by an expert in the field of the Economics of Innovation, this work provides a systematic account of advances in the economics of innovation. By integrating this account with the economics of technological change, it elaborates an understanding of the effects of the introduction of new technologies.
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