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All schools of economic thought prior to Schumpeter did not pay attention to the processes of technological innovation which was assumed to be included in the capital-machine variable. The different approaches used from Schumpeter to the present are described, including neoclassical and evolutionary schools, which are oriented to demonstrate that there can be neither growth nor development unless there are public policies that enhance the capacity of technological innovation from the educational and business. The study of technological innovation has gone from being an exclusive subject of macroeconomic policy to an issue of entrepreneurial and multidisciplinary dominance.

The concept of Technology in the History of Economic Thought. From the Classics to Schumpeter, Evolutionism and today