 Creative destructionPost-Print from HAL Abstract: The creative destruction is used to describe the evolution of a capitalist economy through its endogenous dynamics assumed to be mainly founded on entrepreneurs' decisions and strategies. These strategies aim at strengthening dominant positions on markets in order to give firms more profit and higher control on market evolution. Such a (anti)competitive aim does improve, according to some economists, the functioning of economies while other economists believe that the creation can finally result in some destructive processes. Whatever the theoretical position that one can adopt, the relevant question is related to the issue of creating, improving, and framing entrepreneurial dynamics to let them reinforce positive changes which would be able to raise the welfare of the society. The design and implementation of relevant industrial policies become then a crucial issue in economic development. Keywords: market economy; industrial economy; entrepreneur; innovation; economic development; économie de marché; économie industrielle; développement économique (search for similar items in EconPapers) Published in Carayannis, E. G. Encyclopedia of creativity, invention, innovation and entrepreneurship., Springer, pp.281-287, 2013 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01026254 Access Statistics for this paper More papers in Post-Print from HAL |
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