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The Process of Creative Destruction
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achievement Adam Smith analysis argument attitude become behavior bourgeois bourgeoisie Business Cycles capitalism capitalist engine capitalist evolution capitalist order capitalist process capitalist society century ceteris paribus commodities concerns course create creative destruction criticism depression doubt economic economists effects element enterprise entrepreneurs equilibrium fact factors favorable feudal firms function historical hostility important income increase in total individual industry instance interests investment opportunity labor Leon Walras less long-run Marx Marxists masses matter means mechanism ment methods of production modern monopolistic Monopolistic Competition monopoly motive motorcar nomic observed organization particular pattern perfect competition phenomenon policies political population position possible practically problem process of creative profits propositions question rate of increase rational rationalist reason Schumpeter Schumpeter's sense short-run simply social social class socialist management standpoint strata strategy stratum structure success sumers tendency tends term things tion total output true unemployment utilitarian