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Joseph Schumpeter and creative destruction

Debunking Economics - the podcast

CHAPTER

Exploring Joseph Schumpeter and Creative Destruction

This chapter delves into the life and views of Joseph Schumpeter, an Austrian economist known for his concept of creative destruction. It discusses his background, his shift to America, and his unique perspective on innovation and profit within capitalism. The conversation also touches on the importance of continuous innovation, endogenously created money, and the relationship between profit and accumulation in sustaining capitalism.

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