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Laurence S. Moss

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  • Joseph Schumpeter and Dynamic Economical Change | Laurence S. Moss

    Joseph Schumpeter and Dynamic Economical Change

    • UNABRIDGED (2 hrs and 31 mins)
    • By Laurence S. Moss
    • Narrated By Louis Rukeyser

    Joseph Schumpeter (1883-1950) viewed capitalism as a dynamic engine of progress. In his view, mature economic systems find a regular and stable routine of supply, demand, and exchange; Schumpeter called this the "circular flow". Entrepreneurs interrupt this circular flow with new ideas and visions about the economic future, recombining existing resources to create new and more valuable products and services.

    Andy says: "great narration, too tough to understand"
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