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Joseph Schumpeter, the economist who popularised the term in the 1940s, described creative destruction as a "process of industrial mutation that incessantly revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating a new one".
It is shown how Schumpeter elaborated his concepts of endogenous innovation and of industrial mutation as contrasted to the mechanical view of his fellow econometricians.
I can picture a textile worker in North Carolina telling his family that he lost his job at the mills because of the industrial mutation of capitalism.
Schumpeter described the "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.
According to Schumpeter, creative destruction is a virtuous cycle, a "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one".
He called this phenomenon "creative destruction" -- a "process of industrial mutation... that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one".
Similar(54)
Previously, a positive association of occupational exposure to trichloroethylene, an industrial solvent, to VHL mutations and a hot spot for mutations was observed in a case control study (Brauch et al, 1999, 2004).
Advanced DNA sequencing technology now allows for rapid sequencing of the genomes of these industrial strains to identify the mutations that confer improved phenotypes.
To the best of our knowledge, we here provide the first example where advanced sequencing technologies in combination with a back-crossing strategy and a systematic knockout program allowed to identify relevant mutations in an industrial fungus.
These results proved that ARTP mutagenesis is a promising mutation breeding tool for industrial applications.
Here, in an effort to facilitate industrial development, we searched for useful mutations that could increase its production yields.
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CEO of Professional Science Editing for Scientists @ prosciediting.com