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Wounded Heart

Perspectives Content Submission

Tue, 4 Jun 2013

Joseph Schumpeter , the originator of the phrase “ creative destruction ,” authored a less well-known corollary at some point in the 1930s. “Profit,” he wrote, “is  temporary by nature: It will vanish in the subsequent process of  competition and  adaptation .” And so it has, certainly at the micro

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