ABSTRACT
Any systematic treatment of the literature on the relationship between the organization of industry and technological progress must begin with the pioneering work of Joseph A. Schumpeter. Subsequent studies, theoretical and empirical alike, often identify their topic as yet another contribution to the “Schumpeterian” hypothesis, model, or system. Given the fundamental role of Schumpeter’s thought and the fragmentary portions of his system examined by various subsequent writers, a brief review of his vision and analysis of the interactions among innovation, market structure, and economic progress seems a necessary prologue. 1
