Cristiano Antonelli holds the chair of Political Economy of the University of Torino, where he is also the Director of the Department of Economics Cognetti de Martiis and of BRICK (Bureau of Research on Innovation, Complexity and Knowledge) at the Collegio Carlo Alberto. He is the the managing editor of Economics of Innovation and New Technology. His previous book The Economics of Innovation, New Technologies and Structural Change (2003) is also available from Routledge.

• 1. Introduction Part 1: The Ingredients 2. The Classical Legacy: Smith, Marx and Schumpeter3. Localized Technological Change: A Critical Assessment Part 2: The Governance of Localized Technological Knowledge 4. Models of Knowledge and Systems of Governance5. The New Dimensions of Knowledge Indivisibility: Cumulability, Compositeness, Fungeability and Stickiness 6. Knowledge and the Theory of the Firm: The Interdependence Among Transaction, Coordination and Production7. Technological Knowledge and the Theory of the Firm: Idiosyncratic Path Dependence and the Quest for an Economics of Distinctive Competences8. To Use or to Sell Technological Knowledge9. The Governance of Localized Knowledge10. The Economics of University: A Knowledge Governance Approach11. Towards Non-Exclusive Property Rights: Knowledge as an Essential Facility Part 3: The Introduction of Localized Technological Change 12. Localized Technological Change: The Benchmark13. The System Dynamics of Collective Knowledge: From Gradualism and Saltationism to Punctuated Change14. Localized Technological Change and Factor Markets: Constraints and Inducements to Innovation15. Localized Product Innovation: The Role of Proximity in the Lancastrian Product Space16. Diffusion as a Process of Creative Adoption17. Path Dependence and the Quest for Complex Dynamics18. Conclusion: Hysteresis and Creativity