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Megachange: The World in 2050 by John Andrews, Daniel Franklin

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14 Schumpeter Inc

Adrian Wooldridge

Businesses can expect the storms of creative destruction to rage even more furiously in future – largely for the better

EVEN BY THE STANDARDS of the Harvard of the mid-20th century Joseph Schumpeter was a bit of a fuddy-duddy. He neglected to learn to drive, avoided aeroplanes and, apart from a single unhappy experiment, refused to take the subway that links Cambridge with Boston. Obsessed by the idea of being a perfect gentleman, he spent an hour every morning dressing himself. Impatient with new-fangled devices like photocopiers and carbon paper, he dispatched the only copy of his masterpiece, Capitalism, Socialism and Democracy, to his publishers by post.

Yet this strange man, this part cock-of-the-walk ...

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