Schumpeter’s Ghost: Is Hypercompetition Making the Best of Times Shorter?(medium.com)
medium.com
Schumpeter’s Ghost: Is Hypercompetition Making the Best of Times Shorter?
https://medium.com/pnr-paper/schumpeters-ghost-is-hypercompetition-making-the-best-of-times-shorter-e42c9c7e4769
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Hey i'm Antoine the author. Let me know if you have questions/comments. Happy to hear your thought since the format is a work in progress.
Here's two good papers to follow up: 1- From MIT, Ricardo J. Caballero which covers the process of creative destruction in depth: https://economics.mit.edu/files/1785 2- From Yale, William D. Nordhaus: Schumpeterian Profits and the Alchemist Fallacy which states that most "profit" of new innovations go to consumer surplus: http://economics.yale.edu/sites/default/files/files/Working-...