Summary of innovation and evolution scientific ideas about innnovative development of economic system

The article emphasizes the role of innovation for modern economic development. It is characterized by an understanding of innovations in a variety of theoretical and methodological models of social development (the theory N.D. Kondratiev, J. Schumpeter, P.A. Sorokin, G. Bernal, S. Kuznets, B. Twiss et al.). Periodization given the emergence and development of theories of interpretation of innovation processes. The article indicated that existing approaches to innovative development of the economic system in need offurther deepening and development, the formation of the practical orientation of the recommendations.