Constructive Destruction

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Creative Destruction

Tyler Cowen
Creative Destruction Book PDF

Author : Tyler Cowen
Publisher : Princeton University Press
Page : 192 pages
File Size : 43,7 Mb
Release : 2009-01-10
Category : Business & Economics
ISBN : 9781400825189

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Creative Destruction by Tyler Cowen Pdf

A Frenchman rents a Hollywood movie. A Thai schoolgirl mimics Madonna. Saddam Hussein chooses Frank Sinatra's "My Way" as the theme song for his fifty-fourth birthday. It is a commonplace that globalization is subverting local culture. But is it helping as much as it hurts? In this strikingly original treatment of a fiercely debated issue, Tyler Cowen makes a bold new case for a more sympathetic understanding of cross-cultural trade. Creative Destruction brings not stale suppositions but an economist's eye to bear on an age-old question: Are market exchange and aesthetic quality friends or foes? On the whole, argues Cowen in clear and vigorous prose, they are friends. Cultural "destruction" breeds not artistic demise but diversity. Through an array of colorful examples from the areas where globalization's critics have been most vocal, Cowen asks what happens when cultures collide through trade, whether technology destroys native arts, why (and whether) Hollywood movies rule the world, whether "globalized" culture is dumbing down societies everywhere, and if national cultures matter at all. Scrutinizing such manifestations of "indigenous" culture as the steel band ensembles of Trinidad, Indian handweaving, and music from Zaire, Cowen finds that they are more vibrant than ever--thanks largely to cross-cultural trade. For all the pressures that market forces exert on individual cultures, diversity typically increases within society, even when cultures become more like each other. Trade enhances the range of individual choice, yielding forms of expression within cultures that flower as never before. While some see cultural decline as a half-empty glass, Cowen sees it as a glass half-full with the stirrings of cultural brilliance. Not all readers will agree, but all will want a say in the debate this exceptional book will stir.

Creative Destruction

Raul Luciano Katz
Creative Destruction Book PDF

Author : Raul Luciano Katz
Publisher : MIT Press
Page : 308 pages
File Size : 40,8 Mb
Release : 2002
Category : Business & Economics
ISBN : 026263256X

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Creative Destruction by Raul Luciano Katz Pdf

Schumpeter's framework of creative destruction applied to the rapidly changing telecommunications and related Internet industries. More than fifty years ago, Joseph Schumpeter stated that processes intrinsic to a capitalist society produce a "creative destruction," whereby innovations destroy obsolete technologies, only to be assaulted in turn by newer and more efficient rivals. This book asks whether the current chaotic state of the telecommunications and related Internet industries is evidence of creative destruction, or simply a result of firms, governments, and others wasting valuable resources with limited benefits to society as a whole. In telecommunications, for example, wireless, IP, and cable-based technologies are all fighting for a share of the market currently dominated by older, circuit-switched, copper-terminated networks. This process is accompanied by mergers, acquisitions, bankruptcies, and investment and divestment in worldwide markets.The selections discuss the primary challenge facing firms, governments, and other players: how to exploit the opportunities created by such destructive dynamics. They highlight the importance of national regulations promoting competition and nonmonopolistic market structures, as well as the role of new technologies such as the Internet in driving down the price and speeding the diffusion of innovative products and services in telecommunications, media, electronic retailing, and other "new economy" industries.

Creative Destruction

Richard Foster,Sarah Kaplan
Creative Destruction Book PDF

Author : Richard Foster,Sarah Kaplan
Publisher : Crown Currency
Page : 386 pages
File Size : 53,6 Mb
Release : 2011-04-20
Category : Business & Economics
ISBN : 9780307779311

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Creative Destruction by Richard Foster,Sarah Kaplan Pdf

Turning conventional wisdom on its head, a Senior Partner and an Innovation Specialist from McKinsey & Company debunk the myth that high-octane, built-to-last companies can continue to excel year after year and reveal the dynamic strategies of discontinuity and creative destruction these corporations must adopt in order to maintain excellence and remain competitive. In striking contrast to such bibles of business literature as In Search of Excellence and Built to Last, Richard N. Foster and Sarah Kaplan draw on research they conducted at McKinsey & Company of more than one thousand corporations in fifteen industries over a thirty-six-year period. The industries they examined included old-economy industries such as pulp and paper and chemicals, and new-economy industries like semiconductors and software. Using this enormous fact base, Foster and Kaplan show that even the best-run and most widely admired companies included in their sample are unable to sustain their market-beating levels of performance for more than ten to fifteen years. Foster and Kaplan's long-term studies of corporate birth, survival, and death in America show that the corporate equivalent of El Dorado, the golden company that continually outperforms the market, has never existed. It is a myth. Corporations operate with management philosophies based on the assumption of continuity; as a result, in the long term, they cannot change or create value at the pace and scale of the markets. Their control processes, the very processes that enable them to survive over the long haul, deaden them to the vital and constant need for change. Proposing a radical new business paradigm, Foster and Kaplan argue that redesigning the corporation to change at the pace and scale of the capital markets rather than merely operate well will require more than simple adjustments. They explain how companies like Johnson and Johnson , Enron, Corning, and GE are overcoming cultural "lock-in" by transforming rather than incrementally improving their companies. They are doing this by creating new businesses, selling off or closing down businesses or divisions whose growth is slowing down, as well as abandoning outdated, ingrown structures and rules and adopting new decision-making processes, control systems, and mental models. Corporations, they argue, must learn to be as dynamic and responsive as the market itself if they are to sustain superior returns and thrive over the long term. In a book that is sure to shake the business world to its foundations, Creative Destruction, like Re-Engineering the Corporation before it, offers a new paradigm that will change the way we think about business.

The Power of Creative Destruction

Philippe Aghion,Céline Antonin,Simon Bunel
The Power of Creative Destruction Book PDF

Author : Philippe Aghion,Céline Antonin,Simon Bunel
Publisher : Harvard University Press
Page : 401 pages
File Size : 44,9 Mb
Release : 2021-04-20
Category : Business & Economics
ISBN : 9780674971165

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The Power of Creative Destruction by Philippe Aghion,Céline Antonin,Simon Bunel Pdf

From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity. To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.

The Creative Destruction of Medicine

Eric Topol
The Creative Destruction of Medicine Book PDF

Author : Eric Topol
Publisher : Basic Books
Page : 320 pages
File Size : 53,7 Mb
Release : 2011-12-02
Category : Technology & Engineering
ISBN : 9780465029341

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The Creative Destruction of Medicine by Eric Topol Pdf

What if your cell phone could detect cancer cells circulating in your blood or warn you of an imminent heart attack? Mobile wireless digital devices, including smartphones and tablets with seemingly limitless functionality, have brought about radical changes in our lives, providing hyper-connectivity to social networks and cloud computing. But the digital world has hardly pierced the medical cocoon. Until now. Beyond reading email and surfing the Web, we will soon be checking our vital signs on our phone. We can already continuously monitor our heart rhythm, blood glucose levels, and brain waves while we sleep. Miniature ultrasound imaging devices are replacing the icon of medicine--the stethoscope. DNA sequencing, Facebook, and the Watson supercomputer have already saved lives. For the first time we can capture all the relevant data from each individual to enable precision therapy, prevent major side effects of medications, and ultimately to prevent many diseases from ever occurring. And yet many of these digital medical innovations lie unused because of the medical community's profound resistance to change. In The Creative Destruction of Medicine, Eric Topol--one of the nation's top physicians and a leading voice on the digital revolution in medicine--argues that radical innovation and a true democratization of medical care are within reach, but only if we consumers demand it. We can force medicine to undergo its biggest shakeup in history. This book shows us the stakes--and how to win them.

Prophet of Innovation

Thomas K. McCraw
Prophet of Innovation Book PDF

Author : Thomas K. McCraw
Publisher : Harvard University Press
Page : 734 pages
File Size : 45,7 Mb
Release : 2010-03-30
Category : Biography & Autobiography
ISBN : 9780674736962

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Prophet of Innovation by Thomas K. McCraw Pdf

Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. “Creative destruction,” he said, is the driving force of capitalism. Described by John Kenneth Galbraith as “the most sophisticated conservative” of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril—to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter’s view, the general prosperity produced by the “capitalist engine” far outweighs the wreckage it leaves behind. During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983—the centennial of the birth of both men—Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate. Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter’s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world’s greatest economist, lover, and horseman—and admitted to failure only with the horses.

Creative Destruction

Phil Mullan
Creative Destruction Book PDF

Author : Phil Mullan
Publisher : Policy Press
Page : 360 pages
File Size : 44,5 Mb
Release : 2017-03-29
Category : Political Science
ISBN : 9781447336112

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Creative Destruction by Phil Mullan Pdf

What has caused the leading economies of the Western world to stagnate, and what can be done to extricate them from this prolonged economic slump? Much has been written in answer to these two vital questions, but as economist Phil Mullan argues, the conventional answers have gotten both cause and solution all wrong. Tackling both the decay and the resilience of the major Western economies over the past four decades, Creative Destruction shows that a new industrial and technological revolution coupled with economic restructuring are required to escape from economic atrophy. Bringing to bear years of experience working in senior management positions within global companies, Mullan offers an innovative new perspective on political economy that brings the economic crisis back to basics: how did the West lose its economic dynamism, and how can it be regained?

Capitalism, Socialism, and Democracy

Joseph A. Schumpeter
Capitalism Socialism and Democracy Book PDF

Author : Joseph A. Schumpeter
Publisher : Harper Collins
Page : 451 pages
File Size : 54,7 Mb
Release : 1950
Category : Business & Economics
ISBN : 9780061330087

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Capitalism, Socialism, and Democracy by Joseph A. Schumpeter Pdf

Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weekly predicted that for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated. Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

Openness to Creative Destruction

Arthur M. Diamond, Jr.
Openness to Creative Destruction Book PDF

Author : Arthur M. Diamond, Jr.
Publisher : Oxford University Press, USA
Page : 313 pages
File Size : 40,8 Mb
Release : 2019
Category : Business & Economics
ISBN : 9780190263669

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Openness to Creative Destruction by Arthur M. Diamond, Jr. Pdf

Life improves under the economic system often called "entrepreneurial capitalism" or "creative destruction," but more accurately called "innovative dynamism." Openness to Creative Destruction: Sustaining Innovative Dynamism shows how innovation occurs through the efforts of inventors and innovative entrepreneurs, how workers on balance benefit, and how good policies can encourage innovation. The inventors and innovative entrepreneurs are often cognitively diverse outsiders with the courage and perseverance to see and pursue serendipitous discoveries or slow hunches. Arthur M. Diamond, Jr. shows how economies grow where innovative dynamism through leapfrog competition flourishes, as in the United States from roughly 1830-1930. Consumers vote with their feet for innovative new goods and for process innovations that reduce prices, benefiting ordinary citizens more than the privileged elites. Diamond highlights that because breakthrough inventions are costly and difficult, patents can be fair rewards for invention and can provide funding to enable future inventions. He argues that some fears about adverse effects on labor market are unjustified, since more and better new jobs are created than are destroyed, and that other fears can be mitigated by better policies. The steady growth in regulations, often defended on the basis of the precautionary principle, increases the costs to potential entrepreneurs and thus reduces innovation. The "Great Fact" of economic history is that after at least 40,000 years of mostly "poor, nasty, brutish, and short" humans in the last 250 years have started to live substantially longer and better lives. Diamond increases understanding of why.

Creative Destruction and the Sharing Economy

Henrique Schneider
Creative Destruction and the Sharing Economy Book PDF

Author : Henrique Schneider
Publisher : Edward Elgar Publishing
Page : 160 pages
File Size : 41,5 Mb
Release : 2017-01-27
Category : Electronic
ISBN : 9781786433435

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Creative Destruction and the Sharing Economy by Henrique Schneider Pdf

While creative destruction and disruptive innovation change the entrepreneurial landscape; regulation – especially regulation of sectorial markets and competition regulation – can delay this change or even bring it to a halt. Uber plays an active role between these two forces: first as an agent of creative destruction and then possibly in championing regulation on its own terms. Grounded in a particular understanding of the economic concept of the market as a series of processes, this book explores the implications of creative destruction, competition regulation and the role that businesses play. Instead of discussing these relations in a purely abstract manner, this book uses Uber as a case study.

Creative Destruction?

Francisco E. González
Creative Destruction Book PDF

Author : Francisco E. González
Publisher : JHU Press
Page : 294 pages
File Size : 46,5 Mb
Release : 2012-07-02
Category : Business & Economics
ISBN : 9781421405421

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Creative Destruction? by Francisco E. González Pdf

Compares the political economy arising from the Great Depression and from the 1982 Debt Crisis.

Meme Wars

Kalle Lasn,Adbusters
Meme Wars Book PDF

Author : Kalle Lasn,Adbusters
Publisher : Seven Stories Press
Page : 407 pages
File Size : 45,7 Mb
Release : 2013-01-15
Category : Business & Economics
ISBN : 9781609804336

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Meme Wars by Kalle Lasn,Adbusters Pdf

From the editor and magazine that started and named the Occupy Wall Street movement, Meme Wars: The Creative Destruction of Neoclassical Economics is an articulation of what could be the next steps in rethinking and remaking our world that challenges and debunks many of the assumptions of neoclassical economics and brings to light a more ecological model. Meme Wars aims to accelerate the shift into this new paradigm that takes into account psychonomics, bionomics, and other aspects of our physical and mental environment that are often left out in discussions of economics. Like Adbusters, the book will be image heavy and full-color throughout. Lasn calls it "a textbook for the future" that provides the building blocks, in texts and visuals, for a new way of looking at and changing our world. Through an examination of alternative economies, Lasn hopes to spur students to become "barefoot economists" and to see that a humanization of economics is possible. Meme Wars will include contributions from Nobel Prize winner Joseph Stiglitz, Paul Samuelson, George Akerlof, Lourdes Benería, Julie Matthaei, Manfred Max-Neef, David Orrell, Paul Gilding, Mathis Wackernagel and the father of ecological economics Herman Daly, among others. Based on ideas that were presented in a special issue of Adbusters entitled "Thought Control in Economics: Beyond the Growth Paradigm / An Activist Toolkit," Meme Wars will help move forward the Occupy Wall Street movement.

Creative Destruction

Richard N. Foster,Sarah Kaplan
Creative Destruction Book PDF

Author : Richard N. Foster,Sarah Kaplan
Publisher : Financial Times/Prentice Hall
Page : 371 pages
File Size : 41,5 Mb
Release : 2001
Category : Corporations
ISBN : 0273656384

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Creative Destruction by Richard N. Foster,Sarah Kaplan Pdf

Inhaltsübersicht: About the authors, Acknowledgements, Introduction: the game of creative destruction, 1. Survival and performance in the era of discontinuity, 2. How creative destruction works: the fate of the East River Savings Bank, 3. Cultural lock-in, 4. Operating versus creating: the case of Storage Technology Corporation, 5. The gales of destruction, 6. Balancing destruction and creation, 7. Designed to change, 8. Leading creative destruction, 9. Increasing creation tenfold, 10. Control, permisson, and risk, 11. Setting the pace and scale of change, 12. The ubiquity of creative destruction, Appendix A-C, Notes, Selected sources, Index.

Privilege and Creative Destruction

Stanley I. Kutler
Privilege and Creative Destruction Book PDF

Author : Stanley I. Kutler
Publisher : Johns Hopkins University Press
Page : 208 pages
File Size : 52,6 Mb
Release : 1989-12-01
Category : Political Science
ISBN : 0801839831

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Privilege and Creative Destruction by Stanley I. Kutler Pdf

In this now-classic work in legal and constitutional theory, Stanley I. Kutler examines one of the Supreme Court's most celebrated decisions. In 1837, the Court rules that the state of Massachusetts had the right to erect a free bridge over the Charles River even though it had previously chartered a privately owned toll bridge at the same location. The Court's decision fostered the idea of "creative destruction," a process that encourages new forms of property at the expense of older ones. Exploring the origins, context, and impact of this decision, Kutler integrates traditional American constitutional history with the "new legal history: that emphasizes the social and economic bases of legal change.

Evolutionary Economics and Creative Destruction

J. Stanley Metcalfe
Evolutionary Economics and Creative Destruction Book PDF

Author : J. Stanley Metcalfe
Publisher : Psychology Press
Page : 171 pages
File Size : 55,6 Mb
Release : 2006
Category : Evolutionary economics
ISBN : 9780415406482

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Evolutionary Economics and Creative Destruction by J. Stanley Metcalfe Pdf

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.