Innovation and the Evolution of Industries, Franco Malerba, Richard Nelson, Luigi Orsenigo and Sidney Winter, Cambridge University Press, 2016

In this book, four leading figures in the field of Schumpeterian and evolutionary economic theory draw on decades of research to offer a new, “history-friendly” perspective on the process of  innovation, creative destruction and the related industrial change. This “history-friendly” methodology models the complex dynamics of innovation, competition and industrial evolution in a way that combines analytical rigor with an acknowledgment of the multifacet nature of innovation and industrial development. The book presents a comprehensive analysis of the determinants and patterns of industrial evolution and investigates its complex dynamics within three key industries: computers, semiconductors and pharmaceuticals. It will be of great value to scholars and students of innovation and industrial change, from backgrounds as varied as economics, management and  history. Its coverage of new methodological tools is also useful for students who are new to evolutionary economic theory.

Franco Malerba is Professor of Applied Economics  at Bocconi University of Milan and president of I-CRIOS. He is the former president of both the International Schumpeter Society and the European Association of Research in Industrial Economics. He is editor of Industrial and Corporate change and author of a large number of articles and  several  books on industrial economics, innovation and the evolution of  sectors.

Richard R. Nelson is George Blumenthal Emeritus Professor of International and Public Affairs, Business and Law at Colombia University, and heads the program on Science, Technology, and Global Development at the Columbia Earth Institute. He is a seminal figure in the revival of evolutionary economics and is the coauthor of An Evolutionary Theory of Economic Change with Sidney Winters.

Luigi Orsenigo is Professor of Applied Economics at IUSS, University of Pavia. He is the editor of the Journal of Evolutionary Economics, the author of three books on biotechnology and industry, and more than 100 publications in major international journals.

Sidney G. Winter is the Deloitte and Touche Emeritus Professor of Management at the Wharton School, University of Pennsylvania. With Richard Nelson, he coauthored the highly cited book An Evolutionary Theory of Economic Change. He was the winner of Viipuri Prize in Strategic Management in 2008 and the Global Award for Entrepreneurship Research in 2015