Analysis of information sources in references of the Wikipedia article "Joseph Schumpeter" in Vietnamese language version.
popularized the term creative destruction.
Schumpeter Biedermann Bank.
Indeed, Silicon Valley may be one of the few places where businesses are still aware of the ideas of Josephine Schumpeter, an economist from Austria who wrote about business cycles during the first half of the last century. He said the lifeblood of capitalism was 'creative destruction.' Companies rising and falling would unleash innovation and in the end make the economy stronger.
