Joseph Shumpeter and Dynamic Economic Change: Capitalism as "Creative Destruction"

by Laurence S. Moss

Joseph Schumpeter (1883-1950) viewed capitalism as a dynamic engine of progress. In his view, mature economic systems find a regular and stable routine of supply, demand, and exchange; Schumpeter called this the "circular flow." Entrepreneurs interrupt this circular flow with new ideas and visions about the economic future, recombining existing resources to create new and more valuable products and services.

Schumpeter called capitalism a...

• Format: Audio CD
• Language: English
• ISBN: 078616929X
• ISBN13: 9780786169290
• Release Date: April 2006
• Publisher: Blackstone Audiobooks
• Weight: 0.23 lbs.
• Dimensions: 0.6" x 5.3" x 7.5"