Joseph Schumpeter

Fertile Eyes
Joseph Alois Schumpeter (1883–1950), described by John Kenneth Galbraith as the most sophisticated conservative of the twentieth century, was the prophet of innovation, the first economist to reason that nearly all businesses fail, victims of innovation by their competitors, and that “creative destruction” – that seemingly contradictory phrase which he popularized, is what really drives capitalism, a system that creates “prosperity far greater than the wreckage it leaves behind.”
Code: INDESTLI
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