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The Neglect of Creative Destruction in Micro-Principles Texts

Author

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  • Arthur M. Diamond Jr.

    (University of Nebraska at Omaha - Department of Economics)

Abstract

Dynamic competition through the process of creative destruction encourages the innovation in product and process that lengthens and improves lives. Although an increasing number of academics and business practitioners are recognizing the importance of creative destruction, most principles of microeconomics texts give little or no attention to the process. I examine a sample of 27 recent United States microeconomic principles textbooks. Of these, 16 do not mention Schumpeter in any way. Of the 12 that do mention Schumpeter, only six provide any description of the process of creative destruction.

Suggested Citation

  • Arthur M. Diamond Jr., 2007. "The Neglect of Creative Destruction in Micro-Principles Texts," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 15(1), pages 197-210.
    • Handle: RePEc:hid:journl:v:15:y:2007:1:10:p:197-210
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    Citations

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    Cited by:

    1. John T. Dalton & Andrew J. Logan, 2021. "Schumpeter in Vienna: A Study Abroad Course," Contributions to Economics, in: Joshua Hall & Kim Holder (ed.), Off-Campus Study, Study Abroad, and Study Away in Economics, chapter 0, pages 175-190, Springer.
    2. Dalton, John & Logan, Andrew, 2019. "A Vision for a Dynamic World: Reading Capitalism, Socialism and Democracy for Today," MPRA Paper 95012, University Library of Munich, Germany.
    3. John T. Dalton & Andrew J. Logan, 2020. "Using the movie Joy to teach innovation and entrepreneurship," The Journal of Economic Education, Taylor & Francis Journals, vol. 51(3-4), pages 287-296, August.
    4. Dalton, John T. & Logan, Andrew J., 2022. "The Man Who Discovered Capitalism: A documentary on Schumpeter for use in the classroom," International Review of Economics Education, Elsevier, vol. 41(C).
    5. John T. Dalton & Andrew J. Logan, 2022. "Teaching and learning Schumpeter: A dialogue between professor and student," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(2), pages 235-256, June.
    6. Marcus Dejardin, 2010. "La création d'entreprises et ses rapports au territoire," Post-Print halshs-00618267, HAL.
    7. Dan Johansson & Arvid Malm, 2017. "Economics Doctoral Programs Still Elide Entrepreneurship," Econ Journal Watch, Econ Journal Watch, vol. 14(2), pages 196–217-1, May.
    8. Jan Ter Wengel & Gilma Beatriz Ferreira-Villegas & Gérman Pérez-Hernández & Luis Miguel Suárez-Cruz, 2010. "Schumpeter and the Blue Ocean Strategy," Revista de la Maestría de Derecho Económico, Universidad Javeriana - Derecho Económico, December.

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