Some support for Schumpeter

The last book I read was Joseph Schumpeter‘s Capitalism, Social, and Democracy, a book famous for coining the phrase “creative destruction” as a description of the process inherent to capitalism whereby old methods of production and commodities are incessantly obsolesced and replaced–an insight drawn, I believe, from Marx’s talk about capitalism constantly revolutionizing the means of production (compare also Deleuze and Guattari on on de/reterritorialization). Continue reading “Some support for Schumpeter”