Posts Tagged ‘G.M.’

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    Auto Innovation

    Jan 5, 11 • 159 Views • Economic Debates, Economic Thinkers, Government, Innovation, Macroeconomic MeasurementNo Comments

    Saying, “I believe the people who invented the auto cannot abandon it,” President Obama supported the bailout of General Motors. Economist Joseph Schumpeter would have been horrified. The man who explained “creative destruction,”