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JOSEPH SCHUMPETER
ETtech Explainer: Nobel-winning economists' theories reveal why tech evolves the hard wayThree economists won the Nobel Prize for showing how innovation and creative destruction fuel long-term economic growth. Their work links s...- Read my lipstick, beauty is equity: What Warren Buffett’s investment in a beauty company foretells about the economyWarren Buffett's recent purchase of Ulta Beauty Inc. shares has sparked concerns of a possible US recession. This aligns with the 'lipstick...
- Capitalism hasn’t failed — we’ve actually greatly benefited from freer marketSchumpeterians believe that government attempts to help, help and help again are the root cause of all that has gone wrong. They link this ...
- Silver Medal Linings: In sports, business, or elections, it is the runner-up who defines a memorable winnerEvolution has hardwired into us the idea of a winner and, by the principle of complementarity, a loser. Out of breath and hiding away from ...
- AI for Everyone: How open-source Language Models that power AI like Chat GPT are changing the game!Open-source Language Models (LLMs) are revolutionizing the field of data science. While models like ChatGPT exhibit remarkable power and om...
- View: India must not stifle its digital market with regulationsWith our history of regulations stifling markets, it is prudent to avoid a repeat of history. More importantly, it will send a message that...
- Recovery a la SchumpeterAt the same time, he favoured stabilising the krone at its current value rather than its pre-war parity. These measures would bolster the c...
- View: Govt needs a fresh approach to Big Tech regulation with an unbiased mindsetMost measures taken by regulators to address issues like ex ante regulation or anti-trust enforcement do not appear to be well thought-out....
- View: Rescue solvent companies but kill off zombiesThe rescue ops will, rightly, save fundamentally productive firms, but also, wrongly, create many zombies.
- How legendary entrepreneurs created a brand of their ownIn the past, a legendary gallery of inspired souls created wealth through growing brand-new opportunities or dramatically redefining and ex...
- Presenting the Jury For The Economic Times Awards For Corporate Excellence 2019
- 'Nandan Nilekani can provide stability’Nilekani has also managed to be close to the current BJP administration despite him contesting from South Bengaluru seat on a Congress tick...
- Innovative firms will survive any slowdownI don’t see any imminent bust hitting new-age companies because unlike in the past, these companies have robust revenue models.
- How supposed job losses can actually mean rising prosperityRising productivity surely causes some job losses, but creates jobs elsewhere.
- Will China and India destroy the world?Summers questioned whether it was wise for rich nations to be shored up financially by developing ones in Asia that could crash at any time.
- Japan Inc faces the challenge of modernizing economy with a corporate sector anchored in pastSony’s curt dismissal of a foreigner’s advice last week didn’t shock Michael Woodford, the former chief executive officer of Olympus Corp.
- Budget 2013 to give a big boost to insurance sectorFor its size and potential, India has an abysmally low level of insurance penetration and density, writes Arvind Kumar, an IAS.
- India's pharma deals unleash potent form of creative destructionAmid-size Indian pharmaceutical company called Strides Arcolab has sold its business of making branded generic drugs in Asia and Australia,...
- National Innovation Council report is opportuneThe timing of the National Innovation Council (NInC) report is opportune, but needs to be backed up with more vision.
- CEOs swear by creative destruction: studyA few years from now, most business organisations in the world would be unrecognisable from the way they do business and perhaps even from ...
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