"Innovation, Industrial Dynamics and Structural Transformation" is a scholarly book that documents the results of the 10th International Joseph A. Schumpeter Society Conference, which took place in June 2004 at the Università Luigi Bocconi in Milan. The book examines the dynamics of industries shaped by the closely interconnected processes of innovation and structural transformation. It highlights the Schumpeterian perspective on economic dynamics and its far-reaching influence on evolutionary and neoclassical theories. The focus is on analyzing how industries evolve over time and change their structure, with knowledge, technologies, the capabilities and incentives of actors, as well as new products and processes playing a crucial role. These elements influence and constrain change, which can occur both gradually and radically. Thus, the book provides a comprehensive insight into the Schumpeterian and evolutionary tradition of industrial dynamics and its effects on economic performance.