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 ...

Joseph Juran was a pioneer in the study of quality control. His management theory has gained worldwide recognition in the science, engineering and mathematics fields. His “Juran’s Quality Control ...

Critical race theory has become a topic of fierce political debate in the US in recent months. The conflict has most prominently played out in public school districts, as parents, teachers and ...

Many startup founders and venture capitalist support this theory, and hence its popularity over other theories of entrepreneurship. Schumpeter (1934-1939) view is that new firms are the driving ...

After graduating in 1935 he transferred to Harvard, where he studied under Schumpeter and Leontief, was influenced by Alvin Hansen (the leading American exponent of Keynesian theory), and shot to ...