Comment

Comment by CaptainSwing

I guess schumpeters point with creative destruction was the rupture required to replace one paradigm with another (Incidentally, he got this straight from marx). Technology, and markets, move in fits and starts as conservative tendencies meet with more efficient, or qualitatively different, competion. For both schumpeter and marx this view was seen as opposed to equilibrium models of economics on which much of mainstream economics and game theory still relies

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton