creative destruction Described by economist Joseph Schumpeter, the process by which old technology, processes and ideas are replaced by innovations. Related Related Articles: Three Kinds of Irresistible Tech From the Consumer Electronic ShowThe Mystery of the Disappearing Auto Industry JobsHow Reese's Pieces Are Like Ray-BansThe Electric Vehicle SwitchA Lesson for Rail Transit From the Eastern Shuttle Ann Mills Share This Previous Articlecountry of origin Next Articleeconomic scarcity December 17, 2020
creative destruction
