Critiquing the Theory of Disruptive Innovation

Jill Lepore, a professor of history at Harvard and writer for the New Yorker, has written a critique of Clayton Christensen’s theory of disruptive innovation that is worth thinking through. Christensen’s The Innovator’s Dilemma (the dilemma is for firms to continue making the same decisions that made them successful, which will lead to their downfall) … More Critiquing the Theory of Disruptive Innovation

Edmund Phelps Explains “Knowledge Problem”

Michael Giberson Occasionally we hear from readers curious about the blog name, “knowledge problem.” Edmund Phelps explains the knowledge problem in an excellent essay that appeared in the Financial Times. (Registration may be required for; the essay is also posted in full at the FT‘s Capitalism blog.) Joseph Schumpeter’s early theory proposed that a … More Edmund Phelps Explains “Knowledge Problem”