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Key takeaways from Long Waves: The History of Innovation Cycles

Creative destruction plays a key role in entrepreneurship and economic development. Coined by economist Joseph Schumpeter in 1942, the theory of “creative destruction” suggests that business cycles…

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Coined by economist Joseph Schumpeter in 1942, the theory of “creative destruction” suggests that business cycles operate under long waves of innovation.

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Key takeaways from Long Waves: The History of Innovation Cycles

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