Publisher's Synopsis
This book discusses the feasibility of empirical research on technological development and changes in industry structure using an analytical framework which has roots in the work of Schumpeter and Marx.;The theory is essentially long-term amd emphasizes continuity and discontinuity of development, asymmetry of companies, the dynamics of technological development in relation to its environment and the importance of company strategies.;The viability of the approach is tested by application to the process control equipment industry.