SlideShare a Scribd company logo
Schumpeter for dummies
his view on innovation and
entrepreneurship
Floriano Bonfigli
@io_floriano
• What matters in terms of economic growth, investment
and employment, is not the discovery of basic
innovation, but rather the diffusion of basic innovation.
• It is not the power of ideas but the power that gets
things done.
• The pure new idea is not adequate by itself to lead to
implementation. This must be taken up by a strong
character, the entrepreneur, and implemented through
their influence.
• In conclusion, innovations are essential to explaining
economic growth, and the entrepreneur is the central
innovator.
Economic growth
• The only things a person needs to be an entrepreneur are
“the will and the action”.
• The entrepreneur’s main function is to allocate existing
resources to new uses and new combinations.
• Entrepreneurs’ main distinctive features are linked with their
courage for carrying out a new plan even if they do not have
complete knowledge.
• The entrepreneur characteristic task consists precisely in
breaking up old, and creating new, tradition.
• The entrepreneur can be a very discrete person who need not
to convince others from the market about the desirability of
their vision, capacities or abilities because he or she is able to
“lead the means of production into new channels” and
• Often “the only man he has to convince or to impress is the
banker who is to finance him”.
The entrepreneur
• Often “the only man he has to convince or to impress is
the banker who is to finance him”.
• In fact, entrepreneurs are not necessarily the
possessors of the capital used for carrying out the new
combinations, because in many cases they use stocks of
capital supplied through the mechanisms of credit by
capitalists or bankers.
• It is not necessarily an entrepreneur who receives
profit, but surely it is created entirely thanks to him.
Profit goes to the capitalist, the owner of the company.
• The entrepreneurial profit constitutes an independent
value phenomenon fundamentally connected with the
role of leadership they have in the economic system.
The entrepreneur, the capitalist and the
banker
• http://compaso.eu/wp-
content/uploads/2013/01/Compaso2012-32-
Croitoru.pdf
• http://www.academia.edu/5396861/SCHUMPETER
_S_VIEW_ON_INNOVATION_AND_ENTREPRENEURS
HIP
References

More Related Content

What's hot

Schumpeter theory of economic development
Schumpeter theory of economic developmentSchumpeter theory of economic development
Schumpeter theory of economic development
vishnuchandradas
 
Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...
Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...
Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...
Dr.Choen Krainara
 
Schumpeter Theory of Economic Development
Schumpeter Theory of Economic DevelopmentSchumpeter Theory of Economic Development
Schumpeter Theory of Economic Development
Krishna Lala
 
Rostow's Stages of Economic Growth: A Capitalist Approach
Rostow's Stages of Economic Growth: A Capitalist ApproachRostow's Stages of Economic Growth: A Capitalist Approach
Rostow's Stages of Economic Growth: A Capitalist Approach
Md Alauddin
 
THE NATURE AND IMPORTANCE OF ENTREPRENEURS
THE NATURE AND IMPORTANCE OF ENTREPRENEURSTHE NATURE AND IMPORTANCE OF ENTREPRENEURS
THE NATURE AND IMPORTANCE OF ENTREPRENEURS
Fallahchay Ali
 
Schumpeter theory of economic development
Schumpeter theory of economic developmentSchumpeter theory of economic development
Schumpeter theory of economic development
vishnuchandradas
 
Unit 1- economic growth & economic development
Unit 1- economic growth & economic developmentUnit 1- economic growth & economic development
Unit 1- economic growth & economic development
Mahendra Kumar Ghadoliya
 
Factors that hinder or promote Development
Factors that hinder or promote DevelopmentFactors that hinder or promote Development
Factors that hinder or promote Development
University of Technology
 
Globalization
GlobalizationGlobalization
Globalization
University of Dhaka
 
Classic Theories of Economic Growth
Classic Theories of Economic GrowthClassic Theories of Economic Growth
Classic Theories of Economic Growth
Tine Sabillo
 
GLOBALISATION-CULTURAL AND SOCIAL
GLOBALISATION-CULTURAL AND SOCIAL GLOBALISATION-CULTURAL AND SOCIAL
GLOBALISATION-CULTURAL AND SOCIAL
Ankur Goyal
 
DEPENDENCY THEORY OF DEVELOPMENT.ppt
DEPENDENCY  THEORY OF DEVELOPMENT.pptDEPENDENCY  THEORY OF DEVELOPMENT.ppt
DEPENDENCY THEORY OF DEVELOPMENT.ppt
worku17
 
PA509 Dependency Theory.pptx
PA509 Dependency Theory.pptxPA509 Dependency Theory.pptx
PA509 Dependency Theory.pptx
LEOGENARDLOBATON1
 
Basic macroeconomic relationship lec 1
Basic macroeconomic relationship lec 1Basic macroeconomic relationship lec 1
Basic macroeconomic relationship lec 1
sajal777
 
Development as freedom slide presentation
Development as freedom slide presentationDevelopment as freedom slide presentation
Development as freedom slide presentation
Daniel Jory
 
capital output ratio
capital output ratiocapital output ratio
capital output ratio
Kavitha Ravi
 
What is neoliberalism?
What is neoliberalism?What is neoliberalism?
What is neoliberalism?
Michael Peters
 
Todaro & Smith economic development_ch03_Mushfiqul Haque Mukit
Todaro & Smith economic development_ch03_Mushfiqul Haque MukitTodaro & Smith economic development_ch03_Mushfiqul Haque Mukit
Todaro & Smith economic development_ch03_Mushfiqul Haque Mukit
Mohammad Mushfiqul Haque Mukit
 
Globalization
GlobalizationGlobalization
Globalization
Jubayer Alam Shoikat
 
Sen Capabilities
Sen CapabilitiesSen Capabilities
Sen Capabilities
Leland Joseph Dela Cruz
 

What's hot (20)

Schumpeter theory of economic development
Schumpeter theory of economic developmentSchumpeter theory of economic development
Schumpeter theory of economic development
 
Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...
Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...
Export-Oriented Industrialization (EOI): Arguments For and Against What Have ...
 
Schumpeter Theory of Economic Development
Schumpeter Theory of Economic DevelopmentSchumpeter Theory of Economic Development
Schumpeter Theory of Economic Development
 
Rostow's Stages of Economic Growth: A Capitalist Approach
Rostow's Stages of Economic Growth: A Capitalist ApproachRostow's Stages of Economic Growth: A Capitalist Approach
Rostow's Stages of Economic Growth: A Capitalist Approach
 
THE NATURE AND IMPORTANCE OF ENTREPRENEURS
THE NATURE AND IMPORTANCE OF ENTREPRENEURSTHE NATURE AND IMPORTANCE OF ENTREPRENEURS
THE NATURE AND IMPORTANCE OF ENTREPRENEURS
 
Schumpeter theory of economic development
Schumpeter theory of economic developmentSchumpeter theory of economic development
Schumpeter theory of economic development
 
Unit 1- economic growth & economic development
Unit 1- economic growth & economic developmentUnit 1- economic growth & economic development
Unit 1- economic growth & economic development
 
Factors that hinder or promote Development
Factors that hinder or promote DevelopmentFactors that hinder or promote Development
Factors that hinder or promote Development
 
Globalization
GlobalizationGlobalization
Globalization
 
Classic Theories of Economic Growth
Classic Theories of Economic GrowthClassic Theories of Economic Growth
Classic Theories of Economic Growth
 
GLOBALISATION-CULTURAL AND SOCIAL
GLOBALISATION-CULTURAL AND SOCIAL GLOBALISATION-CULTURAL AND SOCIAL
GLOBALISATION-CULTURAL AND SOCIAL
 
DEPENDENCY THEORY OF DEVELOPMENT.ppt
DEPENDENCY  THEORY OF DEVELOPMENT.pptDEPENDENCY  THEORY OF DEVELOPMENT.ppt
DEPENDENCY THEORY OF DEVELOPMENT.ppt
 
PA509 Dependency Theory.pptx
PA509 Dependency Theory.pptxPA509 Dependency Theory.pptx
PA509 Dependency Theory.pptx
 
Basic macroeconomic relationship lec 1
Basic macroeconomic relationship lec 1Basic macroeconomic relationship lec 1
Basic macroeconomic relationship lec 1
 
Development as freedom slide presentation
Development as freedom slide presentationDevelopment as freedom slide presentation
Development as freedom slide presentation
 
capital output ratio
capital output ratiocapital output ratio
capital output ratio
 
What is neoliberalism?
What is neoliberalism?What is neoliberalism?
What is neoliberalism?
 
Todaro & Smith economic development_ch03_Mushfiqul Haque Mukit
Todaro & Smith economic development_ch03_Mushfiqul Haque MukitTodaro & Smith economic development_ch03_Mushfiqul Haque Mukit
Todaro & Smith economic development_ch03_Mushfiqul Haque Mukit
 
Globalization
GlobalizationGlobalization
Globalization
 
Sen Capabilities
Sen CapabilitiesSen Capabilities
Sen Capabilities
 

Similar to Schumpeter for dummies

E.d module-i
E.d module-iE.d module-i
E.d module-i
Dr. Gururaj Phatak
 
Types of entrepreneurs and functions.ppt
Types of entrepreneurs and functions.pptTypes of entrepreneurs and functions.ppt
Types of entrepreneurs and functions.ppt
SyedInaamShah
 
Unit 1 Introduction to Entrepreneurship.pptx
Unit 1 Introduction to Entrepreneurship.pptxUnit 1 Introduction to Entrepreneurship.pptx
Unit 1 Introduction to Entrepreneurship.pptx
binodjaishi1
 
Business planning unit 1
Business planning unit 1Business planning unit 1
Business planning unit 1
Dnyan Bharti society/BMS,Dahanu
 
Ed ppt unit 1
Ed ppt unit 1Ed ppt unit 1
Ed ppt unit 1
Bhawna Singh
 
Concept of Entrepreneur and Entrepreneurship
Concept of Entrepreneur and EntrepreneurshipConcept of Entrepreneur and Entrepreneurship
Concept of Entrepreneur and Entrepreneurship
Sheetal Wagh
 
Entrepreneurship development Module 1
Entrepreneurship development Module 1Entrepreneurship development Module 1
Entrepreneurship development Module 1
Bibin Xavier
 
Introduction to ed
Introduction to edIntroduction to ed
Introduction to ed
Sarthakgupta213
 
Session 1
Session 1Session 1
Session 1
Bibin Xavier
 
ENTREPRENEURSHIP.pptx
 ENTREPRENEURSHIP.pptx ENTREPRENEURSHIP.pptx
ENTREPRENEURSHIP.pptx
mathiasyusuph
 
Introduction To Entrepreneurship
Introduction To EntrepreneurshipIntroduction To Entrepreneurship
Introduction To Entrepreneurship
Abhishek Duttagupta
 
Introduction to entrepreneurship by NIKHIL VP
Introduction to entrepreneurship by NIKHIL VPIntroduction to entrepreneurship by NIKHIL VP
Introduction to entrepreneurship by NIKHIL VP
Nikhil VP
 
Nature & Development of Entrepreneurship
Nature & Development of EntrepreneurshipNature & Development of Entrepreneurship
Nature & Development of Entrepreneurship
Muhammad Ali
 
Entrepreneurship Lecture Notes Part 1
Entrepreneurship Lecture Notes Part 1Entrepreneurship Lecture Notes Part 1
Entrepreneurship Lecture Notes Part 1
Odofin Caleb
 
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdfUnit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
ShikhaAeron2
 
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdfUnit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
ShikhaAeron2
 
Esbd unit i(1)
Esbd unit i(1)Esbd unit i(1)
Esbd unit i(1)
PENDYSINGH
 
Unit 1 Entrepreneurship.pptx
Unit 1 Entrepreneurship.pptxUnit 1 Entrepreneurship.pptx
Unit 1 Entrepreneurship.pptx
PurnimaSharma73
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
Simran Kaur
 
1. entrepreneur & entreprenurship
1. entrepreneur & entreprenurship1. entrepreneur & entreprenurship
1. entrepreneur & entreprenurship
Pratap Tirkey
 

Similar to Schumpeter for dummies (20)

E.d module-i
E.d module-iE.d module-i
E.d module-i
 
Types of entrepreneurs and functions.ppt
Types of entrepreneurs and functions.pptTypes of entrepreneurs and functions.ppt
Types of entrepreneurs and functions.ppt
 
Unit 1 Introduction to Entrepreneurship.pptx
Unit 1 Introduction to Entrepreneurship.pptxUnit 1 Introduction to Entrepreneurship.pptx
Unit 1 Introduction to Entrepreneurship.pptx
 
Business planning unit 1
Business planning unit 1Business planning unit 1
Business planning unit 1
 
Ed ppt unit 1
Ed ppt unit 1Ed ppt unit 1
Ed ppt unit 1
 
Concept of Entrepreneur and Entrepreneurship
Concept of Entrepreneur and EntrepreneurshipConcept of Entrepreneur and Entrepreneurship
Concept of Entrepreneur and Entrepreneurship
 
Entrepreneurship development Module 1
Entrepreneurship development Module 1Entrepreneurship development Module 1
Entrepreneurship development Module 1
 
Introduction to ed
Introduction to edIntroduction to ed
Introduction to ed
 
Session 1
Session 1Session 1
Session 1
 
ENTREPRENEURSHIP.pptx
 ENTREPRENEURSHIP.pptx ENTREPRENEURSHIP.pptx
ENTREPRENEURSHIP.pptx
 
Introduction To Entrepreneurship
Introduction To EntrepreneurshipIntroduction To Entrepreneurship
Introduction To Entrepreneurship
 
Introduction to entrepreneurship by NIKHIL VP
Introduction to entrepreneurship by NIKHIL VPIntroduction to entrepreneurship by NIKHIL VP
Introduction to entrepreneurship by NIKHIL VP
 
Nature & Development of Entrepreneurship
Nature & Development of EntrepreneurshipNature & Development of Entrepreneurship
Nature & Development of Entrepreneurship
 
Entrepreneurship Lecture Notes Part 1
Entrepreneurship Lecture Notes Part 1Entrepreneurship Lecture Notes Part 1
Entrepreneurship Lecture Notes Part 1
 
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdfUnit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
 
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdfUnit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdf
 
Esbd unit i(1)
Esbd unit i(1)Esbd unit i(1)
Esbd unit i(1)
 
Unit 1 Entrepreneurship.pptx
Unit 1 Entrepreneurship.pptxUnit 1 Entrepreneurship.pptx
Unit 1 Entrepreneurship.pptx
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
 
1. entrepreneur & entreprenurship
1. entrepreneur & entreprenurship1. entrepreneur & entreprenurship
1. entrepreneur & entreprenurship
 

More from Floriano Bonfigli

Le startup spiegate al Liceo Classico
Le startup spiegate al Liceo ClassicoLe startup spiegate al Liceo Classico
Le startup spiegate al Liceo Classico
Floriano Bonfigli
 
Teaching English through Open Innovation
Teaching English through Open InnovationTeaching English through Open Innovation
Teaching English through Open Innovation
Floriano Bonfigli
 
Forum PA call4ideas Collabobeat
Forum PA call4ideas CollabobeatForum PA call4ideas Collabobeat
Forum PA call4ideas Collabobeat
Floriano Bonfigli
 
ISTAO Startup Lab
ISTAO Startup Lab ISTAO Startup Lab
ISTAO Startup Lab
Floriano Bonfigli
 
Collabobeat, dal power point al primo cliente
Collabobeat, dal power point al primo clienteCollabobeat, dal power point al primo cliente
Collabobeat, dal power point al primo cliente
Floriano Bonfigli
 
Business planning for entrepreneurs in the creative paper sector
Business planning for entrepreneurs in the creative paper sectorBusiness planning for entrepreneurs in the creative paper sector
Business planning for entrepreneurs in the creative paper sector
Floriano Bonfigli
 
Il fantastico mondo delle startup, al Med-CHHAB dell'Università di Palermo
Il fantastico mondo delle startup, al Med-CHHAB dell'Università di PalermoIl fantastico mondo delle startup, al Med-CHHAB dell'Università di Palermo
Il fantastico mondo delle startup, al Med-CHHAB dell'Università di Palermo
Floriano Bonfigli
 
Imprenditorialità innovativa, l'ABC
Imprenditorialità innovativa, l'ABCImprenditorialità innovativa, l'ABC
Imprenditorialità innovativa, l'ABC
Floriano Bonfigli
 
MSc Individual Project
MSc Individual ProjectMSc Individual Project
MSc Individual Project
Floriano Bonfigli
 
Introducing the advanced composite materials in the recreational boat sector
Introducing the advanced composite materials in the recreational boat sectorIntroducing the advanced composite materials in the recreational boat sector
Introducing the advanced composite materials in the recreational boat sector
Floriano Bonfigli
 
A free standing wing mast for a trailer cat-boat
A free standing wing mast for a trailer cat-boatA free standing wing mast for a trailer cat-boat
A free standing wing mast for a trailer cat-boat
Floriano Bonfigli
 
Dott. Ing. Thesis
Dott. Ing. ThesisDott. Ing. Thesis
Dott. Ing. Thesis
Floriano Bonfigli
 
Dott. Ing. Thesis-Bologna prize
Dott. Ing. Thesis-Bologna prizeDott. Ing. Thesis-Bologna prize
Dott. Ing. Thesis-Bologna prize
Floriano Bonfigli
 
Dott. Ing. Thesis-Preliminary studies I
Dott. Ing. Thesis-Preliminary studies IDott. Ing. Thesis-Preliminary studies I
Dott. Ing. Thesis-Preliminary studies I
Floriano Bonfigli
 

More from Floriano Bonfigli (14)

Le startup spiegate al Liceo Classico
Le startup spiegate al Liceo ClassicoLe startup spiegate al Liceo Classico
Le startup spiegate al Liceo Classico
 
Teaching English through Open Innovation
Teaching English through Open InnovationTeaching English through Open Innovation
Teaching English through Open Innovation
 
Forum PA call4ideas Collabobeat
Forum PA call4ideas CollabobeatForum PA call4ideas Collabobeat
Forum PA call4ideas Collabobeat
 
ISTAO Startup Lab
ISTAO Startup Lab ISTAO Startup Lab
ISTAO Startup Lab
 
Collabobeat, dal power point al primo cliente
Collabobeat, dal power point al primo clienteCollabobeat, dal power point al primo cliente
Collabobeat, dal power point al primo cliente
 
Business planning for entrepreneurs in the creative paper sector
Business planning for entrepreneurs in the creative paper sectorBusiness planning for entrepreneurs in the creative paper sector
Business planning for entrepreneurs in the creative paper sector
 
Il fantastico mondo delle startup, al Med-CHHAB dell'Università di Palermo
Il fantastico mondo delle startup, al Med-CHHAB dell'Università di PalermoIl fantastico mondo delle startup, al Med-CHHAB dell'Università di Palermo
Il fantastico mondo delle startup, al Med-CHHAB dell'Università di Palermo
 
Imprenditorialità innovativa, l'ABC
Imprenditorialità innovativa, l'ABCImprenditorialità innovativa, l'ABC
Imprenditorialità innovativa, l'ABC
 
MSc Individual Project
MSc Individual ProjectMSc Individual Project
MSc Individual Project
 
Introducing the advanced composite materials in the recreational boat sector
Introducing the advanced composite materials in the recreational boat sectorIntroducing the advanced composite materials in the recreational boat sector
Introducing the advanced composite materials in the recreational boat sector
 
A free standing wing mast for a trailer cat-boat
A free standing wing mast for a trailer cat-boatA free standing wing mast for a trailer cat-boat
A free standing wing mast for a trailer cat-boat
 
Dott. Ing. Thesis
Dott. Ing. ThesisDott. Ing. Thesis
Dott. Ing. Thesis
 
Dott. Ing. Thesis-Bologna prize
Dott. Ing. Thesis-Bologna prizeDott. Ing. Thesis-Bologna prize
Dott. Ing. Thesis-Bologna prize
 
Dott. Ing. Thesis-Preliminary studies I
Dott. Ing. Thesis-Preliminary studies IDott. Ing. Thesis-Preliminary studies I
Dott. Ing. Thesis-Preliminary studies I
 

Recently uploaded

Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
egoetzinger
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
DOT TECH
 
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
nexop1
 
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
conose1
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
AntoniaOwensDetwiler
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
GRAPE
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
hiddenlevers
 
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataThe Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
Champak Jhagmag
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
DOT TECH
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
AntoniaOwensDetwiler
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
sameer shah
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
DEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for EconomicsDEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for Economics
Opanga1
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
qntjwn68
 
can I really make money with pi network.
can I really make money with pi network.can I really make money with pi network.
can I really make money with pi network.
DOT TECH
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
Colin R. Turner
 

Recently uploaded (20)

Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
 
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
 
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
 
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataThe Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
DEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for EconomicsDEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for Economics
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
 
can I really make money with pi network.
can I really make money with pi network.can I really make money with pi network.
can I really make money with pi network.
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
 

Schumpeter for dummies

  • 1. Schumpeter for dummies his view on innovation and entrepreneurship Floriano Bonfigli @io_floriano
  • 2. • What matters in terms of economic growth, investment and employment, is not the discovery of basic innovation, but rather the diffusion of basic innovation. • It is not the power of ideas but the power that gets things done. • The pure new idea is not adequate by itself to lead to implementation. This must be taken up by a strong character, the entrepreneur, and implemented through their influence. • In conclusion, innovations are essential to explaining economic growth, and the entrepreneur is the central innovator. Economic growth
  • 3. • The only things a person needs to be an entrepreneur are “the will and the action”. • The entrepreneur’s main function is to allocate existing resources to new uses and new combinations. • Entrepreneurs’ main distinctive features are linked with their courage for carrying out a new plan even if they do not have complete knowledge. • The entrepreneur characteristic task consists precisely in breaking up old, and creating new, tradition. • The entrepreneur can be a very discrete person who need not to convince others from the market about the desirability of their vision, capacities or abilities because he or she is able to “lead the means of production into new channels” and • Often “the only man he has to convince or to impress is the banker who is to finance him”. The entrepreneur
  • 4. • Often “the only man he has to convince or to impress is the banker who is to finance him”. • In fact, entrepreneurs are not necessarily the possessors of the capital used for carrying out the new combinations, because in many cases they use stocks of capital supplied through the mechanisms of credit by capitalists or bankers. • It is not necessarily an entrepreneur who receives profit, but surely it is created entirely thanks to him. Profit goes to the capitalist, the owner of the company. • The entrepreneurial profit constitutes an independent value phenomenon fundamentally connected with the role of leadership they have in the economic system. The entrepreneur, the capitalist and the banker