Schumpeter's gale

English

From Joseph Schumpeter's Capitalism, Socialism and Democracy.[1]

Schumpeter's gale

(economics) The principle of creative destruction; the obsolescence of existing products due to the introduction of new products.

Joseph Schumpeter (1942) Capitalism, Socialism and Democracy, Harper & Brothers, OCLC 22556726, pages 83–84:
Every piece of business strategy acquires its true significance only against the background of that process and within the situation created by it. It must be seen in its role in the perennial gale of creative destruction; it cannot be understood irrespective of it or, in fact, on the hypothesis that there is a perennial lull.

单词	Schumpeter's gale
释义	Schumpeter's gale English Etymology From Joseph Schumpeter's Capitalism, Socialism and Democracy.[1] Proper noun Schumpeter's gale (economics) The principle of creative destruction; the obsolescence of existing products due to the introduction of new products. References Joseph Schumpeter (1942) Capitalism, Socialism and Democracy, Harper & Brothers, OCLC 22556726, pages 83–84: Every piece of business strategy acquires its true significance only against the background of that process and within the situation created by it. It must be seen in its role in the perennial gale of creative destruction; it cannot be understood irrespective of it or, in fact, on the hypothesis that there is a perennial lull. Further reading creative destruction on Wikipedia.Wikipedia
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