August 31, 2003

The problem with Schumpeter

Related to a Slashdot story on the unstoppable flow of IT jobs to India, I replied to a comment that suggested that none of this really matters because of Schumpeterian growth theory, that economic growth is really about innovation and technological change. I agree, but my views have been tempered by some modern problems of both a political and social nature. Here are the comments.

Posted by stu at August 31, 2003 12:18 AM