ABSTRACT
My purpose in these lectures is simply stated but less easily achieved. It is to explore the nature of particular kinds of evolutionary processes as they apply to the question of economic change and development. The underlying but implicit empirical background is the ceaselessly changing pattern of economic activity expressed over time by the emergence of new activities, the demise of existing ones and the changing relative importance of those that currently compete for markets and resources. In this regard we are dealing with a defining feature of the modern capitalist system: the ever present phenomena of structural change and the corresponding differential rates of growth of different activities.
