He advocates for a process that economist Joseph Schumpeter
called aecreative destruction,AE the replacement of ailing companies with more dynamic enterprises, as essential for the restructuring of production.
The expansion of Europe, according to Schumpeter
, revealed 'irrational traits of human nature'.
In his "Theory of Economic Development" (1912), Schumpeter
first of all established the principles underlying bubble formation: many things float on the wave of a prolonged period of prosperity without a driving force of their own, and if speculative anticipation acquires a causal significance, the symptoms of prosperity themselves finally become, in the well-known manner, a factor of prosperity.
There are two types of entrepreneurship and these are the replicative type and the Schumpeterian typed named after Joseph Alois Schumpeter
, an Austrian born American economist, who taught at Harvard University from 1932 until his death at 66 years old in 1950.
J A Schumpeter
is considered as one of the most prominent economists of the 21st Century.
Drawn from Adrian Wooldridge's popular Schumpeter
column for The Economist, The Great Disruption weighs up the essential thinking on innovation, reveals the forces transforming the business landscape, and examines how individuals, companies and governments are surviving disruption to explain what our future holds.
Solo que cuando pienso lo que la agitacion [Treiben] politica actual (desde 1918) nos ha "costado", sin distincion de la "orientacion", en valores indudables, por ejemplo Schumpeter
, ahora, usted, y lo que aun nos ha de costar sin que, estoy convencido de ello, nos vaya a rendir siquiera lo mas minimo--
Economist Joseph Schumpeter
coined the phrase "creative destruction" to describe the process of economic structural change (new products sweep away the obsolete).
The eminent economist, Joseph Schumpeter
, coined the phrase "creative destruction" to describe the process of economic structural change (new products sweep away the obsolete).
As observacoes de Baumol (2010) destoam daquelas de Schumpeter
(1991), que via nao em Cantillon, mas em Say, o responsavel pela difusao do conceito na Inglaterra.
However, Phelps explains how Schumpeter
got it wrong by considering all innovation to be exogenous to an economy and solely the product of inquiry into the physical sciences.
Al economista austriaco Joseph Schumpeter
se debe la popularizacion de la que es, quizas, la segunda metafora mas exitosa en economia, despues de "la mano invisible" de Adam Smith.