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The Perennial Gale Of Creative Destruction
-Joseph A. Schumpeter
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The Perennial Gale Of Creative
Joseph A. Schumpeter
The Perennial Gale Of Creative Destruction
Views: 50
Topic
Creative
Gale
Economics
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We Always Plan Too Much And Always Think Too Little. We Resent A Call To Thinking And Hate Unfamiliar Argument That Does Not Tally With What We Already Believe Or Would Like To Believe.
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Things Economic And Social Move By Their Own Momentum And The Ensuing Situations Compel Individuals And Groups To Behave In Certain Ways Whatever They May Wish To Do-not Indeed By Destroying Their Freedom Of Choice But By Shaping The Choosing Mentalities And By Narrowing The List Of Possibilities From Which To Choose.
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As A Matter Of Fact, Capitalist Economy Is Not And Cannot Be Stationary. Nor Is It Merely Expanding In A Steady Manner. It Is Incessantly Being Revolutionized From Within By New Enterprise, I.e., By The Intrusion Of New Commodities Or New Methods Of Production Or New Commercial Opportunities Into The Industrial Structure As It Exists At Any Moment.
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It Is However Always Important To Remember That The Ability To See Things In Their Correct Perspective May Be, And Often Is, Divorced From The Ability To Reason Correctly And Vice Versa. That Is Why A Man May Be A Very Good Theorist And Yet Talk Absolute Nonsense.
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At The Heart Of Capitalism Is Creative Destruction.
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