May 2019
Intermediate to advanced
240 pages
6h 21m
English
Content preview from War and Peace and IT
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SG |
Side Glance: Innovation |
Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game.
—Goethe, Aphorisms
A thinker sees his own actions as experiments and questions—as attempts to find out something. Success and failure are for him answers above all.
—Friedrich Nietzsche, The Gay Science
In Capitalism, Socialism, and Democracy, Joseph Schumpeter argued that innovation was the driving force behind change—in particular, business cycles—in capitalist economies.1 He was trying to show that very large, industry-dominant companies were not bad for the economy, as many had believed. The conventional view at the time was that large firms would use their monopoly power to lower production and maintain a ...
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