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Thomas McCraw on Schumpeter, Innovation, and Creative Destruction
EconTalk
The Evolution of Invention and Innovation
23min Snip
00:00
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Exploring the transition from inventors to entrepreneurs, the chapter highlights the importance of timing in bringing ideas to market through examples from the Industrial Revolution. It delves into the distinctions between inventors and innovators, the American entrepreneurial spirit, and the concept of creative destruction as a driver of progress in various sectors.
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