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Schumpeter's profoundly influential work developed the notion of the endogeneity of technology, and offered illuminating historical analyses of how and why some social systems have managed to generate innovation. This new interpretation explores Schumpeter's central ideas, and examines the ways in which the concept of endogeneity can illuminate recent American economic history

Cover -- Half Title -- Title -- Copyright -- Dedication -- Contents -- Preface -- I Technology in Historical Perspective -- II The Economic Matrix -- III The Nineteenth Century: America as Borrower -- IV The Nineteenth Century: America as Initiator -- V The Twentieth Century -- VI Technology and Social Options -- Index.