As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital ...

In the roughly two years since the public release of ChatGPT, artificial intelligence has advanced far more rapidly than humanity has learned to use its good features and to suppress its bad ones.

This theory has upsides and downsides in relation to technology, as well as economic repercussions. Creative destruction is an economic concept described by Joseph Schumpeter in his 1942 book ...

Simply sign up to the Film myFT Digest -- delivered directly to your inbox. Vertiginous German-language mind-scrambler The Universal Theory is one of a kind — a visually dazzling retro exercise ...

Schumpeter noted that the other factors of ... It is the entrepreneur who receives profit according to this theory. It differentiates between the laborer and the entrepreneur based on the type ...