Non-Destructive Creation: How Entrepreneurship Sustains Prosperity

Abstract

Many modern beliefs about entrepreneurship have their roots in Joseph Schumpeter's challenge to the traditional view that growth results from the accumulation of capital. According to the received wisdom of the time, thrifty ants prospered. Spendthrift grasshoppers starved.

Citation

Bhidé, A.V. (2005), "Non-Destructive Creation: How Entrepreneurship Sustains Prosperity", Vinig, G.T. and Van Der Voort, R.C.W. (Ed.) The Emergence of Entrepreneurial Economics (Research on Technological Innovation, Management and Policy, Vol. 9), Emerald Group Publishing Limited, Leeds, pp. 55-68. https://doi.org/10.1016/S0737-1071(05)09004-9