Luova tuho – ikuinen paluu

Creative Destruction – Everlasting Hope

Joseph Schumpeter (1883–1950) was one of the great names of the 20th century among social scientists, especially in economics. His most well-known concept is creative destruction. Schum­peter's innovation oriented evolutionary economics is an original combination of neoclassical, historical and Marxian economics with great emphasis on methodological diversity. His vision is topical today due to the current technological pro­gress and financial crises, even though modern innovation studies have empirically went beyond Schumpeter, and even though Schumpeter could not foresee the growing importance of welfare state and "crowdsourcing" as new innovation me­­c­ha­­nisms.

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