This superlative set of essays by Chris Freeman, founder of SPRU and one of the pioneers of innovation studies, will be of interest to anyone wanting to gain a deeper understanding of technical and social change. The wide-scope lens of the author covers topics ranging from business cycles, through National Systems of Innovation to the information technology paradigm. Having this valuable material in a single volume will be welcomed by all those involved in the economics of innovation, be it in theory, policy or practice.