Edmund Phelps on Mass Flourishing
EconTalk
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The Creative Destruction Idea
He says almost nothing, almost never does anything creative come out of a business. He was enthralled by the dupant laboratories. So he saw that businesses could hire scientists in order to do research in house. And he did, he was on to something with the creative destruction idea,. But, i just want to make one thing. I've got to say, with regard, with reeegard to other businesses, are creative. Lest he be misunderstood, he makes it explicit. That's ten 11 book, which was later translated into english an under the title theory of economic development.
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