I love Joseph Schumpeter - the father of creative destruction

This year during my studies I have learned a great many things. One of the highlights was discovering the thinking of the Austrian economist who help us change the world. Joseph Schumpeter was not recognisd by his peers during his seminal period in the 1930s and 1940s but has sprung to fame in the last decade or so. According to Christopher Freeman (2009), a scholar who devoted much time researching Schumpeter's work: "the central point of his whole life work [is]: that capitalism can only be understood as an evolutionary process of continuous innovation and 'creative destruction'. Google, iPhones, and Facebook are perfect examples of creative destruction - destroying existing business models and causing established business to rethink everything they have done. This type of entrepreneurship is not just happening in technology but in everything we do. If we think like Joseph Schumpeter, it is a great time to be in business!