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Intellectual Property Law

: Mass Law Blog

Schumpeter, Creative Destruction and the Golden Age of Capitalism

By Lee.Gesmer

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In the late 1970s and early 1980s, the American economy was in crisis after years of stagflation. Mortgage rates were 17%, business loans carried 20% interest rates and productivity had collapsed. On April 21, 1980, Time magazine ran a cover story that asked the question: “Is Capitalism Working?” Today, the crisis that the American economic [...]

Full post as published by Mass Law Blog on March 05, 2009 (boomark / email).

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