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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.
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Creative and destruction
* Creative destruction
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.
Creative destruction can cause temporary economic distress.
Creative destruction is embedded within the circulation of capital itself.
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.
Creative destruction has also been linked to sustainable development.
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.
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Joseph Schumpeter's concept of Creative destruction attempted to reformulate Marx's analysis in more positive light.
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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.
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.
It has nurtured writers and artists such as Ray Bradbury, Roger Ebert, Lenny Kaye, Michael Moorcock and Trina Robbins ; and has generated such spin-offs as comic book fandom, media fandom, the Society for Creative Anachronism, gaming fandom, and furry fandom, sometimes collectively referred to as " fringe fandoms ".
Miya Masaoka is known as one of the more distinctive members of the Bay Area Improv Scene ( sometimes also called the Creative / New Music scene ) in the San Francisco Bay Area.
All songs are available under the Creative Commons Attribution-ShareAlike license ( typically version 2. 5, but sometimes only older versions of the license ).
Creative and known
There are also anthroposophical movements to renew speech and drama, the most important of which are based in the work of Marie Steiner-von Sivers ( speech formation, also known as Creative Speech ) and the Chekhov Method originated by Michael Chekhov ( nephew of Anton Chekhov ).
: 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 organization has released several copyright-licenses known as Creative Commons licenses free of charge to the public.
The creator of Sound Blaster is the Singapore-based firm Creative Technology, also known by the name of its United States subsidiary, Creative Labs.
Creative Arts was best known for its Black Lizard imprint.
Creative nonfiction ( also known as literary or narrative nonfiction ) is a genre of writing that uses literary styles and techniques to create factually accurate narratives.
To gain wider acceptance, it partnered with four other major transit companies in Hong Kong to create a joint-venture business to operate the Octopus system in 1994, then known as Creative Star Limited.
The town is known to Unificationists as the site of the successful but ill-fated Creative Community Project.
Stephanie McMahon Levesque ( née Stephanie Marie McMahon ; born September 24, 1976 ) better known by her maiden name Stephanie McMahon, is an American corporate executive who is currently the Executive Vice President, Creative, for World Wrestling Entertainment.
A week before the game's release, it became known that an agreement to include EAX audio technology in Doom 3 reached by id Software and Creative Labs was heavily influenced by a software patent owned by the latter company.
The Program in Creative Writing, more commonly known as the Iowa Writers ' Workshop, at the University of Iowa in Iowa City, Iowa, is a highly regarded graduate-level creative writing program in the United States.
Future versions in the Creative ZEN line exclusively use Microsoft's Media Transfer Protocol ( also known as PlaysForSure ), and some legacy devices have been supplied with firmware upgrades to support MTP.
Audition 4, also known as Audition CS5. 5, was released on April 11 2011 as part of Adobe's Creative Suite of programs.
Realizing that he could sell more space if the company provided the service of developing content for advertisers, Thompson hired writers and artists to form the first known Creative Department in an advertising agency.
He himself said that his major books are Art and Visual Perception: A Psychology of the Creative Eye ( 1954 ), Visual Thinking ( 1969 ), and The Power of the Center: A Study of Composition in the Visual Arts ( 1982 ), but it is Art and Visual Perception for which he was most widely known.
EA Digital Illusions Creative Entertainment AB ( EA DICE, or just DICE ) is a Swedish video game developer, wholly owned by Electronic Arts, best known for the Battlefield video game series and Mirror's Edge.
The hardware accelerated effects engine is an E-mu FX8010 DSP integrated into the Creative Technology's audio chip and was historically used to enhance MIDI output by adding effects ( such as reverb and chorus ) to the sampled instruments on sample-based synthesis cards ( also known as wavetable synthesis ).
Students in Red River College's Creative Communications program run an online radio station known as " Red River Radio ".
He was known for being heavily involved in the Creative Revolution in the 1960s, with other great advertising heads like David Ogilvy, William Bernbach and Mary Wells.
* Adam Copeland ( Radio Broadcasting ), former pro wrestler for the WWE, better known by his ring name Edge * Brian Dickinson ( Applied and Creative Arts – Music ) Juno Award winning pianist.
Evan Samuel Dobelle ( born April 22, 1945 ) is a public official and higher-education administrator, is known for promoting higher-education investment in the Creative Economy, public-private partnerships and the " College Ready " model that helps students graduate from high school and college.
Geoff Johns ( born 1973 ) is an American comic book writer, best known for his work for DC Comics, where he has been Chief Creative Officer since February 2010, in particular for characters such as Green Lantern, The Flash and Superman.
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