This is a timely publication which offers a new perspective on the world of technological leadership. Creativity and knowledge are seen as the drivers for the rise of technocapitalizm as a new epoch in western capitalism. The combination of economic history and empirical application make this an appealing work. -- Peter Nijkamp, Department of Spatial Economics, Free University, Amsterdam This is an important book and anyone interested in the rise and decline of regions in the United States during the twentieth Century should read it. Papers In Regional Science Much interesting material is presented. CHOICE Develops a long-term perspective on innovation and its importance in the emerging technocapitalist order, focusing primarily on the American experience. Journal of Economic Literature In this uniquely important study, Luis Suarez-Villa synthesizes a wealth of information and personal insight concerning the evolving interrelations among knowledge, invention, innovation, and technological change, and their consequences for individuals, markets, firms, regions, and public policy. This is a must-read for anyone seriously concerned with the nature and significance of these social and economic processes. Once again, Suarez-Villa demonstrates a remarkable talent for elucidating the big picture. -- Niles Hansen, L.G. Denman Jr. Regents Professor in Economics, University of Texas