..."* * * it Is not that kind of competition [from the maker of an Identical product] which counts but the competition from the new commodity, the new technology,...source of supply, the new type of organization (the largest scale unit of control for Instance)— competition which • • • strikes not at the margins...

...states: * It Is not that kind of competition [from the maker of an Identical product] which counts bat the competition from the new commodity, the new technology,...source of supply, the new type of organization (the largest scale unit of control for instance)— competition which * • • strikes not at tho margins...

...competition" — centered around price competition, quality competition, and sales effort — because what counts is "the competition from the new commodity,...new source of supply, the new type of organization," or what he calls "the process of creative destruction." I49 In "the conditions of the perennial gale,"...

...quite unrelated companies into competition at later times. Indeed, Joseph A. Schumpeter reasoned that the competition that counts is "the competition from...commodity, the new technology, the new source of supply . . . which commands a decisive cost or quality advantage and which strikes not at the margins of the...

...capitalism, according to the late Professor Schumpeter, is the "perennial gale of creative destruction" — "the competition from the new commodity, the new technology,...new source of supply, the new type of organization" — which strikes at established power positions, vested interests, and entrenched privilege. Such...

...in better ways. Indeed, one noted economist has stated that the most important types of competition is "the competition from the new commodity, the new...technology, the new source of supply, the new type organization." J The Department of Justice has sought to assure these benefits. We have challenged...

...in better ways. Indeed, one noted economist has stated that the most important types of competition is "the competition from the new commodity, the new...technology, the new source of supply, the new type organization." 1 The Department of Justice has sought to assure these benefits. We have challenged...

...in better ways. Indeed, one noted economist has stated that the most important types of competition is "the competition from the new commodity, the new...technology, the new source of supply, the new type organization." 1 The Department of Justice has sought to assure these benefits. We have challenged...

...reality, as distinguished from its textbook picture, it is not [price] competition which counts, but the competition from the new commodity, the new technology,...source of supply, the new type of organization (the largest scale unit of control for instance) — competition which commands a decisive cost or quality...

...Professor Schumpeier, the capitalist process is rooted not in classical price competition, but rather the competition from the new commodity, the new technology,...new source of supply, the new type of organization — competition which commands a decisive cost or quality advantage and which strikes not at the margin...