Hey i'm Antoine the author. Let me know if you have questions/comments. Happy to hear your thought since the format is a work in progress.
Here's two good papers to follow up: 1- From MIT, Ricardo J. Caballero which covers the process of creative destruction in depth: https://economics.mit.edu/files/1785 2- From Yale, William D. Nordhaus: Schumpeterian Profits and the Alchemist Fallacy which states that most "profit" of new innovations go to consumer surplus: http://economics.yale.edu/sites/default/files/files/Working-...
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Hey i'm Antoine the author. Let me know if you have questions/comments. Happy to hear your thought since the format is a work in progress. Here's two good papers to follow up: 1- From MIT, Ricardo J. Caballero which covers the process of creative destruction in depth: https://economics.mit.edu/files/1785 2- From Yale, William D. Nordhaus: Schumpeterian Profits and the Alchemist Fallacy which states that most "profit" of new innovations go to consumer surplus: http://economics.yale.edu/sites/default/files/files/Working-...