Assertion: creative destruction | /r/HasProperty | concept
Facets:
value: in economics
type: OTHER
Source sentences:
text: Creative destruction (German: schöpferische Zerstörung), sometimes known as Schumpeter's gale, is a concept in economics which since the 1950s has become most readily identified with the Austrian-born economist Joseph Schumpeter who derived it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle.
text: Creative Destruction is a concept coined by Austrian-American economist and political scientist Joseph Schumpeter in his book "Capitalism, Socialism and Democracy.