Masaaki Hirooka, Institute of Technoeconomics, Kyoto, Japan. He is former Vice-President and Professor of Economics, Ryutsu Kagaku University and Professor of Economics, Kobe University, Japan

• Contents: Preface 1. Nonlinear Dynamism of Innovation: Executive Summary Part I: Diffusion of Innovation and Economic Growth 2. Dynamics of Product Diffusion and Economic Development 3. Kondratiev Business Cycles and Innovation Dynamism 4. Sequence of Bubble, Crash and Depression 5. Trunk Innovations and Institutional Change Part II: Dynamics of Technological Development and Emergence of New Industries 6. Technological Development and the Innovation Paradigm 7. Comprehensive Description of the Innovation Paradigm and the Role of the Development Trajectory 8. National Systems of Innovation and Industrial Competitiveness 9. Technology Fusion and the Evolution of Innovation Paradigms Part III: Nonlinear Dynamics of Innovation and Knowledge Transfer 10. Knowledge Transfer and Complexity in Innovation Systems 11. Technology Foresight and Long-Term Perspectives Part IV: New Insights into the Economics of Technological Change 12. Nonlinear Dynamics of Economic Development Bibliography Index

'I think this book is a great achievement. It is packed with useful information and thought-provoking analysis and discussion. The work on technological development is, especially, a very valuable original contribution to the work in this field. The book illuminates the technological trajectory so often ignored by economists, but which underlies Schumpeter's 'clusters' of innovations, and the emphasis on trunk innovations and analysis of their role is of particular interest.'