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Why Does Creative Destruction No Longer Work? Proposing Actions for a Future with Reduced Employment

Arvind Ashta ()

Challenge, 2015, vol. 58, issue 5, 428-438

Abstract: The author claims that the neoliberal analysis known as creative destruction is not working. Replacing less productive entities with more productive ones will not ultimately create enough demand to support growth. What will such a world look like? This is one of the more imaginative pieces we have published, exploring cooperative models of the economy and growth.

Date: 2015
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DOI: 10.1080/05775132.2015.1087246

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Handle: RePEc:mes:challe:v:58:y:2015:i:5:p:428-438