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- Creative_destruction abstract "Creative destruction (German: schöpferische Zerstörung) , sometimes known as Schumpeter's gale, is a term in economics which has since the 1950s become most readily identified with the Austrian American economist Joseph Schumpeter's theory of economic innovation and business cycle. Creative destruction describes the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."The German Marxist sociologist Werner Sombart has been credited with the first use of these terms in his work Krieg und Kapitalismus ("War and Capitalism", 1913). In the earlier work of Marx, however, the idea of creative destruction or annihilation (German: Vernichtung) implies not only that capitalism destroys and reconfigures previous economic orders, but also that it must ceaselessly devalue existing wealth (whether through war, dereliction, or regular and periodic economic crises) in order to clear the ground for the creation of new wealth.In Capitalism, Socialism and Democracy (1942), Joseph Schumpeter developed the concept out of a careful reading of Marx’s thought (to which the whole of Part I of the book is devoted), arguing (in Part II) that the creative-destructive forces unleashed by capitalism would eventually lead to its demise as a system (see below). Despite this, the term subsequently gained popularity within free-market economics as a description of processes such as downsizing in order to increase the efficiency and dynamism of a company. The Marxian usage has, however, been retained and further developed in the work of social scientists such as David Harvey, Marshall Berman, and Manuel Castells.".
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- Creative_destruction wikiPageExternalLink publications.html.
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- Creative_destruction wikiPageExternalLink baby_boomers_generation_x_1.htm.
- Creative_destruction wikiPageExternalLink index.asp.
- Creative_destruction wikiPageExternalLink DisruptivePotential_RTM.pdf.
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- Creative_destruction wikiPageExternalLink www.theupsideofdown.com.
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- Creative_destruction hasPhotoCollection Creative_destruction.
- Creative_destruction subject Category:Austrian_School.
- Creative_destruction subject Category:Business_ethics.
- Creative_destruction subject Category:Innovation_economics.
- Creative_destruction subject Category:Marxism.
- Creative_destruction subject Category:Sociocultural_evolution.
- Creative_destruction subject Category:Technological_change.
- Creative_destruction subject Category:Theories_of_history.
- Creative_destruction type Abstraction100002137.
- Creative_destruction type Cognition100023271.
- Creative_destruction type Explanation105793000.
- Creative_destruction type HigherCognitiveProcess105770664.
- Creative_destruction type Process105701363.
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- Creative_destruction type TheoriesOfHistory.
- Creative_destruction type Theory105989479.
- Creative_destruction type Thinking105770926.
- Creative_destruction comment "Creative destruction (German: schöpferische Zerstörung) , sometimes known as Schumpeter's gale, is a term in economics which has since the 1950s become most readily identified with the Austrian American economist Joseph Schumpeter's theory of economic innovation and business cycle.".
- Creative_destruction label "Creatieve destructie".
- Creative_destruction label "Creative destruction".
- Creative_destruction label "Destrucción creativa".
- Creative_destruction label "Destruction créatrice".
- Creative_destruction label "Destruição criadora".
- Creative_destruction label "Schöpferische Zerstörung".
- Creative_destruction label "Twórcza destrukcja".
- Creative_destruction label "Креативное разрушение".
- Creative_destruction label "創造的破壊".
- Creative_destruction sameAs Schöpferische_Zerstörung.
- Creative_destruction sameAs Destrucción_creativa.
- Creative_destruction sameAs Destruction_créatrice.
- Creative_destruction sameAs 創造的破壊.
- Creative_destruction sameAs 창조적_파괴.
- Creative_destruction sameAs Creatieve_destructie.
- Creative_destruction sameAs Twórcza_destrukcja.
- Creative_destruction sameAs Destruição_criadora.
- Creative_destruction sameAs m.0pfcx.
- Creative_destruction sameAs Q1570382.
- Creative_destruction sameAs Q1570382.
- Creative_destruction sameAs Creative_destruction.
- Creative_destruction wasDerivedFrom Creative_destruction?oldid=604530517.
- Creative_destruction depiction American_union_bank.gif.
- Creative_destruction isPrimaryTopicOf Creative_destruction.