Series editor(s): Roger Koppl; Steven Horwitz
Subject Area: Economics
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|Title:||A TRANSLATION TOO FAITHFUL?|
|Author(s):||Nicholas W. Balabkins|
|Volume:||6 Editor(s): Roger Koppl, Jack Birner, and Peter Kurrild-Klitgaard ISBN: 978-0-76231-041-8 eISBN: 978-1-84950-226-9|
|Citation:||Nicholas W. Balabkins (2003), A TRANSLATION TOO FAITHFUL?, in Roger Koppl, Jack Birner, and Peter Kurrild-Klitgaard (ed.) Austrian Economics and Entrepreneurial Studies (Advances in Austrian Economics, Volume 6), Emerald Group Publishing Limited, pp.271-273|
|DOI:||10.1016/S1529-2134(03)06015-0 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Article type:||Chapter Item|
Schumpeter is popular these days among the economic policy makers and politicians in Washington, DC. In “high tech” America, Schumpeter’s felicitous phrase “creative destruction” is on many lips. The recent meltdown of numerous dot.com firms on the NASDAQ exchange has taught formerly optimistic baby boomers how hard the “creative destruction” process can hit their pocketbooks and wipe out their accumulations of “shareholders value.” Yet for many, “creative destruction” is still the guidepost to a better and more prosperous future.
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