New Numbers and an Old Economist
Joseph Schumpeter was an an early 20th Century Hungarian- American economist. He popularized the term ‘creative destruction‘ – that is, “the role of new companies in making innovations that interrupt the circular flow. New firms “do not arise out of...
Read moreFreedom to Fail
Loser! Thomas Edison understood the concept of the lightbulb. What he had a problem with was finding the right filament for the thing. It took him more than 9,000 tries until he hit on the idea of carbonized bamboo...
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