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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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the incessant product and process innovation mechanism by which new production units replace outdated ones; coined by Joseph Schumpeter in 1942 as "the essential fact about capitalism"

Highlighted phrases

creative destruction



his concept of gales of "creative destruction" that sweep through the economy. Torn asunder by the entrepreneurial utilization of technology, continual organizational innovation, and the rigors of competition, businesses rise and fall, driving the business cycle over time

—p.132 The Intellectual History of a Dangerous Idea, 1942-2012 (132) by Mark Blyth
notable
4 years ago


what Joseph Schumpeter called "creative destruction", which he identified as being the core of capitalist dynamism

—p.88 The End May Be Nigh, But For Whom? (71) by Michael Mann
notable
4 years, 8 months ago


Benjamin’s writings in the last eight years of his life were examples of Joseph Schumpeter’s notion of creative destruction, reducing history to rubble the better to find a path through its ruins

—p.170 Part III: The 1930s (123) by Stuart Jeffries
notable
4 years, 3 months ago


Disruption may be considered the neoliberal version of ‘creative destruction’: more ruthless, more out-of-the-blue, and less willing to take prisoners or accept delay in order to be ‘socially compatible’.

—p.39 Introduction (1) by Wolfgang Streeck
notable
4 years, 3 months ago


in fact, the very idea of "creative destruction" comes entirely from Marx. Schumpeter is the only significant right-wing, procapitalist economist who actually took the trouble to read Marx carefully and seriously

—p.15 Introduction to Accelerationism (1) by Steven Shaviro
notable
3 years, 10 months ago


Looking back at the past seventy years of production, both globally and in the United States, it is clear that the industry is never up nor down for long. Hypercompetitive battles to win customers in America’s “replacement” market and the current dominance of “localized” production models undergird a landscape of perpetual creative destruction.

—p.39 The Long Road to Crisis (33) by Nicole Aschoff
notable
4 years, 3 months ago