TAILIEUCHUNG - Macroeconomic theory policy phần 3

Tuy nhiên, nó sẽ hữu ích để nghiên cứu mô hình, vì nó phục vụ như là một điểm khởi đầu tốt và có thể được gia hạn trong một số kích thước như nhu cầu phát sinh. Trong thời gian này, chúng tôi sẽ tập trung vào đầu ra của hàng hoá và dịch vụ tiêu dùng (do đó, bỏ qua việc sản xuất hàng hóa vốn mới hoặc đầu tư), nghĩa là, rằng tôi ≡ 0. Để đơn giản, chúng tôi sẽ tập trung vào một nền kinh tế trong đó. | 52 CHAPTER 2. BASIC NEOCLASSICAL THEORY FIGURE General Equilibrium 0 l . SCHUMPETER S PROCESS OF CREATIVE DESTRUCTION 53 Schumpeter s Process of Creative Destruction Capitalism s Forces of Creative Destruction Unleash Opportunities for Investors by Frederick B. Taylor Vice Chairman and Chief Investment Officer Updated 4 9 02 Writing about capitalism more than 50 years ago economist Joseph Schumpeter coined the phrase creative destruction to describe the process by which a free-market economy is constantly evolving as new and better ways of doing business are introduced and the old and outmoded fall by the wayside. Creative destruction revolutionizes the economic structure from within said Schumpeter destroying the old one and creating a new one. He argued that this dynamic process was central to capitalist system s ability to maximize output and total wealth creation over time. Creative destruction is not a steady process. While the forces of creative destruction are always present in a capitalist system the process often occurs in intense bursts - discrete rushes as Schumpeter termed them which are separated from each other by spans of comparative quiet. Historically we experienced a period of intense creative destruction in the late 19th and early 20th centuries and we are now living in the midst of another. At the turn of the last century the industrial revolution had transformed agricultural economies and was radically changing most people s lives. New industrial powers the United States and Germany were developing to challenge the established economies of England and France. Today the ongoing revolution in technology and communications is creating new industries and transforming or eliminating old ones. New economies are emerging that provide new markets as well as new sources of competition. Corporate restructuring and privatization of government-owned enterprises are widespread. Usually one can only see what is being destroyed by this process

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