LAST Insight

The Innovation Prophet 

Schumpeter had much more to say beyond the concept of "creative destruction" for which he is famous.

Pastor, Alfredo

Date: Second Quarter 2016

Tags: Joseph A. Schumpeter, creative destruction, collaborative economy, capitalism, John D. Rockefeller

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Schumpeter deserves to be read again in light of contemporary debates on two topics: "Can socialism work?" and the effects of "the capitalist process" on middle-class families, a subject on which much ink continues to be spilt today.
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