Prophet of Innovation: Joseph Schumpeter and Creative Destruction
Publisher: Belknap Press of Harvard University Press | ISBN: 0674025237 | edition 2007 | PDF | 736 pages | 1,7 mb
Pan Am, Gimbel's, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland–all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. "Creative destruction," he said, is the driving force of capitalism.