Thinking Ahead: The 20th Century’s Theorist of 21st Century Entrepreneurship [Archive.org URL]

Management journals and New Economy magazines are filled with an unending stream of thinking and writing about entrepreneurship. But amid the proliferation of management gurus, there’s one theorist whose voice pierces through the clutter: Joseph Schumpeter. More than a half-century ago, the Moravia-born economist coined the enduring term “creative destruction” as a great metaphor for capitalism. But his understanding of the dynamics of capitalism and the role of entrepreneurs are just as salient and incisive today as they were when he first made them.

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