BOOK · [4929]
Capitalism, Socialism and Democracy
Economics
Schumpeter's 1942 classic introduced 'creative destruction'-the idea that capitalism's engine is the relentless replacement of old industries by new innovations. Valentine 'was a believer in the economic theories of creative destruction advanced by Joseph Schumpeter,' a worldview that underpinned Sequoia's bet on the technologies displacing incumbents. (Moritz cites the Schumpeterian theory and author rather than this specific title; creative destruction is the central thesis of this book.)
Endorsed By
2 People-
Don Valentine
“Don was a believer in the economic theories of creative destruction advanced by Joseph Schumpeter, and was a 'small c' conservative who identified himself as a Libertarian.”
From Michael Moritz's memoir on Don Valentine. Moritz names Schumpeter and the theory of creative destruction as an influence on Valentine's thinking but does not name the specific book; 'creative destruction' is the defining concept of this 1942 work.
-
Li Lu
Listed in the 'Value Investing, Finance, and Capitalism' section of Li Lu's published Recommended Book List (Himalaya Capital, May 2020).
Found on
2 SOURCEs- himcap.com reading list
- gist.github.com reading list