This book is a valuable insight into the life and work of Joseph A. Schumpeter. Bringing together an extensive collection of his essays, Arnold Heertje provides an overview of Schumpeter's life, his work and methodological approach. Schumpeter's vision of the role of the state and the capitalist system is thoroughly analysed by the author, who goes on to track the changing interpretation of Schumpeter's grand vision on the capitalist system through time. He also examines Schumpeter's ideas on technical change, innovation and economic growth and discusses neo-Schumpeterians and economic theory. Schumpeter on the Economics of Innovation and the Development of Capitalism will appeal to academics, students and scholars interested in an in-depth study of the great economist.