Evidence of creative destruction in the
โ
Edgar Norton
๐
Article
๐
1992
๐
Springer US
๐
English
โ 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