In his landmark book Capitalism, Socialism, and Democracy, the economist and political scientist Joseph Schumpeter coined the term “creative destruction” — the idea that in a capitalistic society, ...

The growth of certain industries and disruption of others when a revolutionary new idea takes hold. Automobiles severely impacted the use of horses. Big retail chains caused the demise of many small ...

I’m not sure if this is a classic bubble story. I keep coming back to Schumpeter and creative destruction to make sense of AI’s disruption. Some business models may be more fragile than we think, and ...

Newt Gingrich's attack on Mitt Romney's role as a businessman is understandable but strange coming from a fellow Republican. All the Republicans vie to lead the country make to prosperity by the ...