A SYSTEM THAT SERVES THE FEW AT THE COST OF IMPAIRING THE REAL ECONOMY

By Savvakis C Savvides The political scientist Joseph Schumpeter put forward the concept of 'creative destruction' which has become core in neoclassical economic thinking. It is argued that destruction is the essential and necessary fact about capitalism. The idea is that through a process of destruction the old gets replaced... The post  A system that serves the few at the cost of impairing the real economy appeared first on Cyprus Mail.

cyprus-mail.com (Date:12/15/2019 17:31) Read full article >>

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