..."* * * 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,...Instance)— competition which • • • strikes not at the margins of profits and the outputs of the existing firms but at their foundations and their very...

...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,"...

...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...

...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...

...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...

...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...

...distinguished from its textbook picture, it is not that kind of competition which counts but the comi)etition from the new commodity, the new technology, the new...source of supply, the new type of organization (the largestscale unit of control for instance) — competition which commands a decisive cost or quality...

...reality as distinguished from its textbook picture, it is not that kind of competition which counts but 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 margins...

...distinguished from its textbook picture, it is not that kind of [price] competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organisation ... competition which commands a decisive cost or quality advantage and which strikes...