Fconomlc Growth TbdolEd

tw d ffi^ tk fu.bni. equilibti'n ana Ie! rkt vitho't tin litv H"bzs tut Mi"er
ntu ihtplicdiot alailuz wilt inllict tpor hin or m wlP'kr ee?4atu dependnE tpon hid
will loe t]&i Leep lot oltl oEe .. flt l&itlve mone n th'refrft ePrsr' and tut nPnb
'r'sisrr" (Schump.to 2002, pp 4!r 14)
Llis dreo.y of emmac .volulim sn d nn sl,gMl @nmt, qoding in t st5Lm er bv
lhe roulires adopLd by lll de age.ts 'l]jc Firsl enftpdeur erch's 'd gtp6 and oGE
rogerh.r wid lns h.lD ol brnko othe6 seeins lhisas I pofil porsntill' would alsojump 'n
srnning simih. pdjer lft v pove succqsful, orhe' 's'nt aE poed lo tro choices' €irx"
.d.pr ftw mliM n loe de jobs Thk would @E hugc distudt* in ihe $den moki'g
n€w innovtrivc reurincs exc€td $e old orc. A, a duline, rhe sysbn co'Acs along wkh il lh'
erd olnew enrcpr.ncftal innovalivenes in o ncv'Fendiq p@$' Thi! ple$ is *t'red
ro cs fearivc dqslluclioB A.v new intuvaliv' oulircs muld op'n up ne* polit avenues
'or
cD|JepEmrs, ed at mN e indNcd ro idovlle amn, swrhl' Holqer' 3s
dtEDend6 e s.ll in nmbcrs' lh.v disip6r6 kavina cltitdisls to @mp€b t*av $'
exkline pFfits cauring d{lite in $eir idcomcs' od dris declinc {ould preielv led ro
Mother innovarivo cftons rtenc.! inn.vaion l.ading io cftdriv' des!ruction is lne primc
d.remiMr lor surLiimble gD{rh- schmpct r d chlE teritng @rcmic agpnts in l€m3 of
individuls md l..dq:t ec
"li.ticaly Al\ed hatu nds M chzdknAd b, sehtidlr d'its vhgt th'r hN leMt
by novinC rithin ,hs @i'ed houdaris atul b! hzvi,s h a &t'tuking -a, hen opntioh
,lkpfitim atr! b rMit i.tl*tucd ht tlP. s er dda oJ thir tead La&n d
ct@terik t b, xeitinA E|| thitE\ !', chatghE tle t@iieA batn'lari2s to dcn beh''ior
and bt .htnsins th. EiEi dda of irci. c.i,f; ' {s.hump€d 2002' tg 423) A nobble poinl