At what point in Schumpeter time does Newmark’s original heresy become network orthodoxy in the bureaucrats boardroom?
General, Journalism | (3)
His name had cropped up before; can't remember where.
But there it was again in a blog post by Bill Thompson...
http://www.thebillblog.com/billblog/index.php/2009/05/23/when-the-new-becomes-old/#more-635
Joseph Schumpeter.
And, more particularly, this paragraph... 'He [Bill's friend, Will Davies..] points out that the creative destruction described by Schumpeter is, of necessity, destructive. Old practices are abandoned, old companies die, and new ways of being, doing and making money emerge to replace them.
'This is not a weakness, not a failure, but an inherent property of industrial capitalism and those who complain about it simply do not understand the rules of the game they are playing...'
I'm no economic historian. ...