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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 :
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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