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May 11, 2020 · The third part of the article suggests that a quartet of identifiable component discourses are important: creativity as a form of austere practice; creativity as liberation from a purportedly sterile public sector; creativity as a form of analgesic for jaded neoliberal subjects; and dissenting creativity that tries to locate ‘lines of flight’ beyond the imperatives of neoliberal capitalism ...
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Mar 11, 2019 · By opening new markets and breaking down old industrial processes, Schumpeter wrote, capitalism “incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.”. This process is what Schumpeter called “creative destruction.”. “Creative” here refers to the work of ...
- John Patrick Leary
Oct 3, 2018 · But more generally it’s a book concerned with the fate of creativity and the imagination under this horrific system of exploitation and greed. The reassuring myth is that capitalism merely vanquishes and stifles creativity and the imagination, and in many ways that’s true. Yet today, we’re living through an era when this economic system ...
- Competition Through Political Means
- Market Competition Liberated People and Provided Opportunities
- Capitalism as A System of Cooperative Competition
- Entrepreneurs as The “Driving Force” of The Market
- Profit and Loss and The Spirit of Entrepreneurship
- Competition as A Discovery Procedure
As long as resources are scarce and social positions are too limited to satisfy everyone’s desire for status, competition will exist. The crucial questions concern: how will it be decided what gets produced and for whom, and how shall social positions in society be determined and filled? For almost all of human history these questions were determin...
The slow liberation of men and production from these restraints and the opening of both labor and manufacturing to greater market-based competition freed a growing number of people from a life of oppression and wretched poverty. Competition meant that a man could leave behind the legal tethers that had tied him to the land and obligatory work for t...
In Ludwig von Mises’s (1881-1973) famous treatise on economics, Human Action(1966), he explains: If we step back and look at competition as a wider social process at work, Mises’s words help to explain the logic and the humanity of the capitalist economy. Peaceful and voluntary cooperation is the hallmark of the market economy. Sellers compete in o...
As Ludwig von Mises summarized the nature of the competitive process: The entrepreneurs who imagine, coordinate and direct those production activities through time are what Ludwig von Mises referred to as the “driving force” of the entire market process. While it is consumer demand that ultimately directs all the activities of the market, it is the...
Entrepreneurial competition is ultimately a rivalry over alternative visions for the shape of market things, with the final outcome determined by the consumers who may or may not buy a product, and who may or may not be willing to pay a certain price, such that revenues earned cover or exceed the expenditures incurred by entrepreneurs. Unsuccessful...
To this may be added Friedrich A. Hayek’s (1899-1992) focus on “Competition as a Discovery Procedure” (1969). Competition is useful and, indeed, essential to the creative processes of the market. As Hayek pointed out, if in, say, a foot race we already knew ahead of time who would come in first, second, third, etc., along with each runner’s relativ...
Oct 8, 2024 · Creativity as Commodity. At its core, capitalism thrives on the commodification of everything it touches. The human need for shelter, food, and social belonging has been transformed into markets ...
Dec 31, 2023 · Schumpeter’s concepts of innovation, entrepreneurship, and creative destruction were quite successful in explaining the rapid technological advances in the 1990s (Kleinknecht 1990). As Schumpeter proposed, innovations accelerated capitalist development rapidly while leading to serious economic instability. Schumpeter argued that the success ...
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Aug 20, 2008 · According to Gates, creative capitalism is "an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world's inequities." Harvard Business School professor Nancy Koehn recently contributed an essay on ...
