Innovation is the topic of discussion and debate for hundreds of
years. In the 19th century economists and historians note that the
acceleration of economic growth is the result of technological
progress. The first observations on it suggest that economic
development is manifested in the form of waves of activity. Karl
Marx offerеd innovation to be linked to economic growth.
The article discusses the wave theory of innovation proposed by
Schumpeter, Kondratieff, Abernat
Key words: innovation, innovative growth;
economical waves