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Quotation of the Day…

Posted By Don Boudreaux On May 18, 2013 @ 8:01 am In Complexity & Emergence,Creative destruction | Comments Disabled

… is from page 108 of Peter Drucker’s 1967 volume, The Effective Executive [1]:

The need to slough off the outworn old to make possible the productive new is universal.  It is reasonably certain that we would still have stagecoaches – nationalized, to be sure, heavily subsidized, and with a fantastic research program to ‘retrain the horse’ – had there been ministries of transportation around 1825.

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[1] The Effective Executive: http://www.amazon.com/Effective-Executive-Definitive-Harperbusiness-Essentials/dp/0060833459/ref=la_B000AP61TE_1_1?ie=UTF8&qid=1368878316&sr=1-1

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