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Creative destruction is a powerful economic concept because it can explain many of the dynamics or kinetics of industrial change: the transition from a competitive to a monopolistic market, and back again.
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Creative and destruction
Creative destruction, sometimes known as Schumpeter's gale, is a term in economics which has since the 1950s become most readily identified with the Austrian-American economist Joseph Schumpeter, who adapted it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle.
In 1992, the idea of creative destruction was put into formal mathematical terms by Philippe Aghion and Peter Howitt in their paper " A Model of Growth through Creative Destruction ," published in Econometrica.
More recently, the idea of " creative destruction " was utilized by Max Page in his 1999 book, The Creative Destruction of Manhattan, 1900 – 1940.
Neoconservative author Michael Ledeen argued in his 2002 book The War Against the Terror Masters that America is a revolutionary nation, undoing traditional societies: " Creative destruction is our middle name, both within our own society and abroad.
The connection was explicitly mentioned for the first time by Stuart L. Hart and Mark B. Milstein in their 1999 article Global Sustainability and the Creative Destruction of Industries, in which he argues new profit opportunities lie in a round of creative destruction driven by global sustainability.
Joseph Schumpeter's concept of Creative destruction attempted to reformulate Marx's analysis in more positive light.
Creative and is
In creative / design companies ( such as film studios, a comics company or a web design company ), there is sometimes a Chief Creative Officer ( CCO ), responsible for keeping the overall look and feel of different products, otherwise headed by different teams, constant throughout a brand.
* Creative director, a person usually responsible for creative development of Interactive Entertainment, and is generally regarded as the prime design authority across the company's product range.
: Also known as the Creative Director, the Production Designer is responsible for creating the physical, visual appearance of the film-settings, costumes, character makeup, all taken as a unit.
The focus is on seven sectors, which stand for sustainable economic growth: Automotive, Energy Solutions, Information and Communications Technology, Life Sciences, Optical Technologies, Creative Industries and Production Engineering.
MIT OpenCourseWare, for example, is under the Creative Commons Attribution-NonCommercial-ShareAlike License.
This tendency even extends to time periods where its employment is so early as to be anachronistic, such as in the Creative Assembly's game Rome: Total War where the armour is available as early as the 3rd century BC.
MusicBrainz's core data ( artists, recordings, releases, and so on ) is in the public domain, and additional content including moderation data ( essentially every original content contributed by users and its elaborations ) is placed under the Creative Commons CC-BY-NC-SA-2. 0 license.
* The most important work by Paul S. Fiddes is The Creative Suffering of God ( Oxford: Oxford University Press, 1992 ); see also his short overview " Process Theology ," in A. E. McGrath, ed., The Blackwell Encyclopaedia of Modern Christian Thought ( Oxford: Blackwell, 1993 ), 472 – 76.
Adobe Photoshop Extended is included in all of Adobe's Creative Suite offerings except Design Standard, which includes the Adobe Photoshop edition.
Creative settings also often call for broader story arcs than is often found in mainstream television, requiring science fiction shows many episodes to resolve an ongoing major conflict.
The remark led Gellar to terminate her association with the agency ; Gellar is now represented by the Creative Artists Agency.
Among these groups are comic book fandom, media fandom, the Society for Creative Anachronism, gaming, and furry fandom, sometimes referred to collectively as " fringe fandoms " with the implication that the original fandom centered on science fiction texts ( magazines and later books and fanzines ) is the " true " or " core " fandom.
The Society for Creative Anachronism ( SCA ) is an international living history group with the aim of studying and recreating mainly Medieval European cultures and their histories before the 17th century.
The most prestigious is the Steven Anson Coons Award for Outstanding Creative Contributions to Computer Graphics.
" The Emmy for Outstanding Voice-Over Performance is a Creative Arts and not handed out during the primetime telecast and, prior to 2009, was a juried award without nominations.
The theoretical basis developed to underpin the Transcendental Meditation technique is the Science of Creative Intelligence ( SCI ), which describes the Maharishi's view of Natural Law.
Hokkaido Dialect Cards ) is the first of a series of Talking Karuta produced by Discovery Creative in Hokkaido Japan which help children and adults alike learn different words and phrases used on the northern island of Hokkaido.
The Irving G. Thalberg Memorial Award is awarded periodically at the Academy Awards ceremonies to " Creative producers, whose bodies of work reflect a consistently high quality of motion picture production.
Creative and powerful
The * 2009 interview cited a somewhat contradictory viewpoint of French courtesy of Jureeporn Thaidumrong, awarded Hong Kong ’ s Media magazine ' Asia Pacific ’ s Creative of the Year ' in 2006 and of whom the Cannes Lions International Advertising Festival 2009 organizer suggested is, ' ... generally regarded as one of the most powerful women in Asian advertising '
Creative and economic
Together with his wife Linda McMahon, and their children Shane McMahon and Stephanie McMahon-Levesque ( WWE Executive Vice President of Creative ), the McMahons hold approximately 70 % of WWE's economic interest and 96 % of the voting power in the company.
In his 2002 book, The Rise of the Creative Class, economist Richard Florida popularized the notion that regions with " 3 T's of economic development: Technology, Talent and Tolerance " also have high concentrations of creative professionals and tend to have a higher level of economic development.
* Richard Hugo – Poet and Creative Writing Professor whose work reflected the economic depression in the Northwest.
Globally, Creative Industries excluding software and general scientific research and development are said to have accounted for around 4 % of the world's economic output in 1999, which is the last year for which comprehensive figures are currently available.
The Creative Class is a socioeconomic class that economist and social scientist Richard Florida, a professor and head of the Martin Prosperity Institute at the Rotman School of Management at the University of Toronto, identifies as a key driving force for economic development of post-industrial cities in the United States.
Florida argues that the Creative Class is socially relevant because of its members ' ability to spur regional economic growth through innovation ( 2002 ).
The Creative Class is not a class of workers among many, but a group believed to bring economic growth to countries that can attract its members.
The economic benefits conferred by the Creative Class include outcomes in new ideas, high-tech industry and regional growth.
Florida's use of census and economic data, presented in works such as The Rise of the Creative Class ( 2002 ), Cities and the Creative Class ( 2004 ), and The Flight of the Creative Class ( 2007 ), as well as Bobos in Paradise by David Brooks ( whose " bobos " roughly correspond to Florida's Creative Class ), and NEO Power by Ross Honeywill ( whose NEOs deliver a more sophisticated level of evidence ), has shown that cities which attract and retain creative residents prosper, while those that do not stagnate.
Florida and other Creative Class theorists have been invited to meetings of the National Conference of Mayors and numerous economic development committees, such the Denver mayor's Task Force on Creative Spaces and Michigan governor Jennifer Granholm's Cool Cities Initiative.
Hoyman and Faricy ( 2009 ), using Florida ’ s own indices, find no statistical evidence that cities with higher proportions of Creative Class workers correlated with any type of economic growth from 1990 – 2004.