Recent advances in neo Schumpeterian economics : essays in honour of Horst Hanusch This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo Schumpeterian economics namely innovation and uncertainty. The authors demonstrate how neo Schumpeterian economics is developing into a comprehensive economic theory encompassing industry the public sector and financial markets pt. I. Industry and innovation pt. II. Finance in modern economics pt. III. The public sector and the future of the welfate state