Long Waves: Visualizing The History Of Innovation Cycles
Jul 3rd 2021 11:00pm EDT
Long Waves: Visualizing The History Of Innovation Cycles Creative destruction plays a key role in entrepreneurship and economic development. Coined by economist Joseph Schumpeter in 1942, the theory of “creative destruction” suggests that business cycles operate under long waves of innovation. Specifically, Visual Capitalist’s Dorothy Neufeld points out that as markets are disrupted, key clusters […]
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