In Knowledge, Innovation and Economy, Witold Kwasnicki examines industrial dynamics from an evolutionary perspective, applying a biological model to the analysis of economic problems.Focusing on issues of methodology, knowledge development, and cultural and social evolution, the first part of the book develops parallels, similarities and discrepancies between knowledge development and biological evolution. An evolutionary model of industrial development, presented in the second part of the book, incorporates both the industrial and innovation processes. The author compares and contrasts this model's behaviour with that of well-known, classical models of development. Contemporary economic problems relating to cumulative causation and path dependency are discussed in the final chapter. Knowledge, Innovation and Economy provides new insights into industrial and economic development which will be welcomed by economists concerned with industrial processes and organization, the innovation process and technological change.