NNO: Creative destruction, Part 2
[Continued from yesterday’s Part 1.]
As Joseph Schumpeter said, in one of the most famous passages about capitalism:
Capitalism, then, is by nature a form or method of economic change and not only never is but never can be stationary.
Schumpeter in Harvard Yard, 1940: “Nice church, maybe we knock it down?”
[…]
The fundamental impulse that sets and […]
