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Creative Destruction: An Introduction

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Book Details
Language
English
Publishers
Libertarianism.org Press (19 Jun. 2024)
Weight
0.2 KG
Publication Date
19/06/2024
ISBN-10
1952223989
Pages
206 pages
ISBN-13
9781952223983
Dimensions
12.7 x 1.19 x 17.78 cm
SKU
9781952223983
Author Name
John T. Dalton (Author)
John T. Dalton is a bibliophile, scholar, and professor of economics at Wake Forest University. He earned his B.A. in International Studies and German Studies from the University of North Carolina at Chapel Hill and his M.A. and Ph.D. in Economics from the University of Minnesota. He studied as a Fulbright Scholar in Vienna, Austria. His research has appeared in numerous academic journals such as the Journal of International Economics, Economic Development and Cultural Change, Southern Economic Journal, Macroeconomic Dynamics, Journal of Economic Education, and many others. Dalton has been a visiting scholar at the Kiel Institute for the World Economy, Chinese University of Hong Kong, and Institute for Empirical Macroeconomics at the Federal Reserve Bank of Minneapolis.Read more about this authorRead less about this author
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What is creative destruction? Creative destruction, what the economist Joseph Schumpeter called "the essential fact about capitalism," describes change or disruption in the economy caused by innovations that replace traditional technologies and practices. Creative destruction is a force so powerful that it has not only shaped economies but also politics, culture, and social relations.

In clear and accessible prose, Dalton and Logan illustrate the nature and varieties of creative destruction, how it is central to innovation and entrepreneurship, and why it is important for economic growth. With in-depth case studies of how Netflix challenged and displaced Blockbuster, and how Uber and other ride-sharing companies are disrupting traditional taxi services, this book examines how economies, societies, and cultures change due to the innovation and experimentation that is central to the prosperity of free societies.

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