Evidence of creative destruction in the
β
Edgar Norton
π
Article
π
1992
π
Springer US
π
English
β 827 KB
Schumpeter discusses the importance of innovation and new firm entry in a capitalistic economy as a means to "creatively destruct" oligopolies and generate new economic wealth. He warns of R&D becoming the arena of professional engineers in large corporations; Schumpeter feared the obsolescence of e