📈 Economist Joseph Schumpeter observed that entrepreneurship simultaneously creates something new while destroying something old. He popularised the term 'creative destruction' to refer to the disruptive, but productive role of entrepreneurs in the economy. Find out more 👇 https://www.essentialscholars.org/schumpeter | Institute of Economic Affairs
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20K views · 1.6K reactions | 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 | Facebook
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26 reactions | 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 | Facebook
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