Interesting People mailing list archives
The Churn - The Paradox of Progress
From: Dave Farber <dave () farber net>
Date: Thu, 29 Jan 2004 05:51:28 -0500
Delivered-To: dfarber+ () ux13 sp cs cmu edu X-URL: http://www.grift.com Date: Wed, 28 Jan 2004 18:06:32 -0800 From: Sharif Torpis <faust () grift com> Subject: For [IP]: The Churn - The Paradox of Progress To: dave () farber net I think this would be far more useful to IP readers than poetry lamenting the loss of jobs: http://grift.com/churn.pdf "Economists, questioning why America's job creation in the recovery of the early 1990s fell short of expected levels, have reconsidered the ideas of Joseph Schumpeter, who offered the first scholarly explanation of the churn in the 1930s. Schumpeter advanced the paradox that economic progress destabilizes the world. Progress and job destruction go hand in hand in a dynamic process he called creative destruction. Today, as in the 1930s, Schumpeter's insights help explain how jobs emerge and disappear through the innovation and entrepreneurship of free enterprise." ------------------------------------- You are subscribed as interesting-people () lists elistx com To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
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- The Churn - The Paradox of Progress Dave Farber (Jan 29)