4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP505: The Price of Time w/ Edward Chancellor

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Schumpeter's Concept of Creative Destruction

The low interest rates of recent years have impeded the creative destruction in the economy. This is not a fashionable position and it's very much against the view of the Keynesian economist who tend to dominate the world of academia or policymaking. And I also argue that this lack of creative destruction then has an impact on productivity, which feeds through to low wage growth.

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