The economist Joseph Schumpeter is best known for popularizing the term “creative destruction” to describe the entrepreneurial process where new innovations arise and cause the old way of doing things to disappear. Watch this video to learn more. | The Fraser Institute
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Who was Joseph Schumpeter, and how might his insights into entrepreneurship, markets, competition and innovation help to recover from the current recession? Visit www.essentialschumpeter.org to watch a new video series, download a free ebook and learn more about this important 20th century economist. | The Fraser Institute
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📚 Joseph Schumpeter's 'Socialism, Capitalism, and Democracy' is the 3rd most cited book in the social sciences. 📈 It emphasises the disruptive role of entrepreneurs as drivers of innovation and 'creative destruction'. Learn more on the Fraser Institute's Essential Scholars podcast ⤵️ https://www.essentialscholars.org/schumpeter | Institute of Economic Affairs
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