Tags » Schumpeter

An Introduction to Innovation - Types, Categories and Design

“Science fiction writers foresee the inevitable, and although problems and catastrophes may be inevitable, solutions are not”.

- Isaac Asimov, Professor & Science Fiction Author… 682 more words


Who wins from the perennial gale of creative destruction

  • In 1900, <10% of families owned a stove, or had access to electricity or phones
  • In 1915, <10% of families owned a car
  • In 1930, <10% of families owned a refrigerator or clothes washer…
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Technological Progress

Dystopia: Creative Destruction vs. Technological Unemployment

Creative destruction has become again, a popular term to explain the dislocation of workers in western labor markets. Although first coined by Karl Marx to describe how capitalism would be destroyed by the bourgeois,  2,068 more words


Entreprenuership is the solution

When a recession bites and companies and jobs start to disappear there is often a demand for government intervention to counteract these effects…

The Austrian economist… 203 more words

How to Think about Own Rates of Interest

Phil Pilkington has responded to my post about the latest version of my paper (co-authored by Paul Zimmerman) on the Sraffa-Hayek debate about the natural rate of interest. 1,626 more words