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creative destruction (en)

the incessant product and process innovation mechanism by which new production units replace outdated ones; coined by Joseph Schumpeter in 1942 as "the essential fact about capitalism"

Does Capitalism Have a Future?
by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins

Does Capitalism Have a Future?
by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins

Does Capitalism Have a Future?
by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins


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
9 years, 5 months ago