Creative destruction


Creative destruction (German: schöpferische Zerstörung), sometimes known as Schumpeter’s gale, is a term in economics which …. describes the “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.”

Actually comes from Sombart

“He also coined the term and concept of creative destruction which is a key ingredient of Joseph Schumpeter‘s theory of innovation (Schumpeter actually borrowed much from Sombart, not always with proper reference)”

Or, as Wright and Nyberg have it, creative self-destruction…

Words, ideas, videos

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