Economic development is a process of constant change, driven by innovation. Such changes  challenge the positions of existing firms, forcing them to adapt, but also provide opportunities that firms of all types, including new entrepreneurial ventures, may exploit. A similar …
Not long ago solar energy was regarded as too expensive to be of interest for mainstream energy markets. Since then costs have declined dramatically, and the IEA – once the darling of nuclear and fossil fuel industries – now points …
Josef Schumpeter was born in 1883 in the then Austrian empire and died in 1950 in the United States. He grew up in Vienna around the turn of the century and studied law and economics there. During the early part …