LAUSR

Abstract While the long-term prospects of the global economy are unclear, the emergence of technological paradigms is expected. The emergence of technological paradigms is the most important phenomenon in innovation and economic development. However, it is negligent of economists, particularly neo-Schumpeterians and researchers of innovation, that the understanding of this process is still limited. The economic development considered in this paper is the emergence of technological paradigms. Moreover, the emergence of technological paradigms based on deeper layers generates new industries and economic development. The purpose of this paper is to examine the process by which the technological paradigm of the heat engine emerges and develops, based on a theory of the technological paradigms or economic development.