Saturday, November 27, 2021

Creative Destruction

Please read Elaine Schwartz's article on how vinyl records regained its popularity recently. More interesting articles from her Blog Econlife. Reason? The quality.

Excerpt from Elaine's article:

"As economist Joseph Schumpeter (1883-1950) explained, entrepreneurs create jobs, progress, and productivity. They change consumer habits, design new means of production, and develop new forms of economic organization. But they also create the pain connected with the demise of old industries as new products and processes replace what had existed."

Here is the list for Top 100 Economics  Blogs of 2022. Take your pick.









Image credit - Econlife Blog.Watch the animated chart.


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