Distruzione Creativa

24" x 24"


Acrylic on Canvas abstact by Michael.

Creative destruction (German: schöpferische Zerstörung), sometimes known as Schumpeter's gale,

is a concept in economics which since the 1950s has become most readily identified

with the economist Joseph Schumpeter who derived it from the work of 

Karl Marx and popularized it as a theory of economic innovation and the business cycle.

According to Schumpeter, the "gale of creative destruction" describes the "process of

industrial mutation that incessantly revolutionizes the economic structure from within,

incessantly destroying the old one, incessantly creating a new one"