Gaps: Misguided altruism

"But beginning with his 1918 essay 'The crisis of the Tax State' he adopted a rhetorical strategy to stave off socialism. He became an ironist. When it suited his purposes, he could adopt the pose of the observer reflecting on the gap between the intentions of contemporary politicians and intellectuals and the consequences of their actions." -Muller, Jerry Z. 2003. Schumpeter: Innovation and Resentment, in The Mind and the Market: Capitalism in Western Thought. Anchor. p. 296

Kirchoff

Kirchoff, Bruce A. 1993. Entrepreneurship and Dynamic Capitalism: The Economics of Business Firm Formation and Growth (Praeger Studies in American Industry). Praeger Publishers.

Creative Destruction defined

"Creative destruction is the process of entreprenurial innovation: entrepreneurs enter existing oligpolistic markets using innovation(s) to start new (small by definition) firms that create new demand and destroy existing market structures." -p. 58

Volatility is a measure of overall creative destruction

"it was suggested that volatility is a measure of overall creative destruction activity because formations are indiciative of innovation activity and terminations are indicative of innovation activity by competitors... few firms suceed at creative destruction" -p. 145

innovative (nonrational) destroys

"innovative (nonrational) human behavor... creates new firms that destroy existing imperfect markets." p. 33

Entrepreneur as mystic

"He (schumpeter) saw the entrepreneur as a special kinjd of perrson, almost a mystic, posessing a unique set of human characteristics that, "requires aptitudes that are present in only a small fraction of the population and that define the entrepreneurial type as well as the entrepreneurial function." Scumpeter, 1975, pp 132, in Kirchoff, p. 37-38

Schumpeter

Schumpeter, Joseph A. 1942. Capitalism, Socialism and Democracy. New York: Harper and Brother's Publishers.

"The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation - if I may use that biological term - that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. The process of Creative Destruction is the essential fact about capitalism." p. 83

"In other words, the problem that is usually being visualized is how capitalism administers existing structures, whereas the relevant problem is how it creates and destroys them. As long as this is not recognized, the investigator does a meaningless job. As soon as it is recognized, his outlook on capitalist practice and social results changes considerably." p. 84

Arte Povera

"The world abounds with superfluity. Why add to it... Better to destroy, than create the inessential... Better to plough in the salt... Any artist worthy of his calling should make one vow: To learn how to be silent."

• Federico Fellini's Otto e Mezzo, in Schumacher, Rainald, Italy in the Sixties - a Sketch, in 2001. Arte Povera: Works and Documents from the Goetz Collection 1958 Until Today. Ingvild Goetz.

Yves Netzhammer

''Sounds of productions who sound like causes of destruction