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Notes:
Empirical research shows that, in a way Schumpeter is right. Competition yields many new departures and winners and losers are determined in actual contest.
But some people say that such models are fundamentally mis-specify, how technical advance proceeds under capitalism.
Biggest difference between biological evolution and technological evolution is the big jumps.
Technology is carefully pointed in directions that innovators believe to be feasible and potentially profitable
Somehow technology may be public, but in any case this kind of technology is always advanced through a cultural evolutionary process.