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Destructive? Yes. Creative? Ahem -Devadeep Purohit

hallenge to turn it around. The Prime Minister undertook the task of setting its basics right. It called for some harsh action, the kind that the Austrian-American economist Joseph Schumpeter called 'Creative Destruction'," read the "resolution for New India" that was unveiled in the presence of Modi and BJP president Amit Shah on Sunday at the BJP national executive.   Among the exhibits listed in the BJP resolu

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The roots of the crisis in the seed industry -Ram Kaundinya

sector. In a 2014 paper by David Spielman et al, it is argued that science, technology and innovation play a central role in driving change in the industry. Adoption of new technology leads to the Creative Destruction of old players and systems, pushing forward technological frontiers. They quote Joseph Schumpeter (1934), who posited that innovation by large firms through temporary monopolies or other forms of market power leads to technological

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Price of Singur by Anup Sinha

rbanization of the countryside. If it is all about development, then the land problem clearly is much more than finding the just price of land or even an acceptable solution on paper. It is about the Creative Destruction of natural spaces and geographies for the promotion of modern economic growth. Modern economic growth as understood by the process of industrialization is quite recent, relative to the time frame of humans in the world, or even the

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