Sunday, December 2, 2007
Getting Deeper Into Creative-Destruction
Also spent the weekend doing a bit more studying of economics in particular the concept of creative-destruction. I have added a few more websites to the MyStuff folder for creative-destruction. Finally got around to reading the Wikipedia articles on creative-destruction and on Joseph Alois Schumpeter again to get a better understanding. One disadvantage of the web over a printed book is that it is harder to get and in-depth understanding of a particular perspective. One advantage of the web over a printed book is being able to get multiple perspectives rather easily. Now have a fairly good idea of what Tyler Cowen and Schumpeter mean by creative destruction but need to get a better understanding of how others are using the term. Another concept I have been studying is the "COASE THEOREM" , which I learned about at a Freakonomics post.