This volume investigates the microfoundations of economic growth by examining the roles of innovation and technological change. The book approaches economic growth from the perspective of individual firms and industries, integrating the study of microinstitutions, such as firms and evolving markets, with macro-economic analysis. It is grounded in the Schumpeterian perspective, focusing on subjects of profound interest to Joseph A. Schumpeter. The contributors argue that understanding macro-level phenomena like economic growth necessitates an examination of micro-level elements.

This volume is a scholarly examination of economic growth, focusing on the interplay between micro-level firm behavior and macro-level economic outcomes. Its approach, rooted in Schumpeterian thought, offers a detailed analysis of innovation and technological change. The book is likely to appeal to academics and researchers in economics and related fields interested in the foundational elements of growth.