The Dispatch is a digital media company featuring conservative, fact-based news and commentary. What is the defining characteristic of capitalism? Some say profit. Others, private ownership. Still ...

Creative destruction has the innate ability to impact the future of your business. Of the many things that can bring about the end of a business, few can be more lethal than stagnation — not changing ...

“In a business, do you want to make your workers more productive, or do you want to replace them with something more productive,” asks retired Brown University professor Peter Howitt PROVIDENCE — ...

The National Center for Education Statistics reports that 99 postsecondary schools shut down this past academic year, roughly two per week. What the great economist Joseph Schumpeter called “creative ...

This book review is a web exclusive for the Summer 2025 issue of The Independent Review. The economist Joseph Schumpeter was nothing short of a fascinating human being. For example, while he was a ...

I’m not sure if this is a classic bubble story. I keep coming back to Schumpeter and creative destruction to make sense of AI’s disruption. Some business models may be more fragile than we think, and ...

For the most part, working for or running a business is a way for someone to earn income and make a living. Beneath the ...

This year’s Nobel Prize in Economics was awarded to economists Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on how creative destruction improves lives and drives human progress.

Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. Each year, the Royal Swedish Academy of Sciences awards the ...

Students and other protesters are in a tent camp on the campus of Columbia University in New York on Wednesday, April 24, 2024. Students at a growing number of U.S. colleges are gathering in ...