...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,...new source of supply, the new type of organization (the largest scale unit of control for instance)— competition which * • • strikes not at tho...

..."* * * 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,...new source of supply, the new type of organization (the largest scale unit of control for Instance)— competition which • • • strikes not at the...

...centered around price competition, quality competition, and sales effort — because what counts is "the competition from the new commodity, the new technology,...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,"...

...counts is "the competition from the new comnodity, 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 profits and the outputs of the existing firms but at their foundations . . ." I/ I/...

...competition at later times. Indeed, Joseph A. Schumpeter reasoned that the competition that counts is "the competition from the new 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...

...government-subsidized cartel. Mow, according to the late Professor Schumpeter, the capitalist process was rooted not in classical price competition, but rather...quality advantage and which strikes not at the margin of the profits and outputs of existing firms, but at their very foundations and their very lives. The...

...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...

...action. Thus some protection of an innovator's potential market may actually encourage competition — "competition from the new commodity, the new technology, the new source of supply, the new type of organisation" (p. 84) — by giving a reasonable prospect that if the innovation is successful —...

...factor to which firms have to respond. In his view, "it is not that kind of competition which counts but the competition from the new commodity, the new technology,...or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very...