tag:blogger.com,1999:blog-3471471289744825428.post5815375104064008091..comments2024-03-11T00:31:41.186-07:00Comments on The Oregon Economics Blog: Beeronomics: Artisanal Products and the 'Novelty Curve'Patrick Emersonhttp://www.blogger.com/profile/17242234148546323374noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3471471289744825428.post-52125007928582413312009-11-05T13:37:29.570-08:002009-11-05T13:37:29.570-08:00The existence of business cycles in economics date...The existence of business cycles in economics dates back to the 19th century. Kondratiev thought there were natural waves at the end of the the 19th century. <br /><br />Schumpeter popularized the idea that, within this process, there is an endogenous process by which old technologies/idea/firms are destroyed by the creativity of new entrepreneurs and technologies and this this is a healthy part of the capitalist process.<br /><br />He also suggested that the entrenched corporations (interests) will start fighting this process and so the demise of capitalism will come from within as government and corporate interests will align to curtail the entrepreneurial spirits that exist in a capitalist society. <br /><br />Or at least that's what I remember from my history of thought class from years ago...Patrick Emersonhttps://www.blogger.com/profile/17242234148546323374noreply@blogger.comtag:blogger.com,1999:blog-3471471289744825428.post-57841312839282825932009-11-05T11:04:33.040-08:002009-11-05T11:04:33.040-08:00I hope this is not to late for further comment fro...I hope this is not to late for further comment from the professor. <br />Is 'the novelty curve' and attendant 'creative destruction' a<br />- late 20th century <br />- American<br />phenomena ?<br /><br />Is it a feature of present day Western European capitalism, as well?<br /><br />Is there an identifiable seminal source?Jack R.https://www.blogger.com/profile/07625645308707849072noreply@blogger.comtag:blogger.com,1999:blog-3471471289744825428.post-58641349011659086182009-11-02T20:19:54.452-08:002009-11-02T20:19:54.452-08:00There's another factor that I forgot to mentio...There's another factor that I forgot to mention, but your "creative destruction" comment highlights it. It's that as the market matures, some early products find themselves swamped by changing tastes. Although Widmer has done a good job maintaining Hef, MacTarnahan's and Full Sail Amber are brewed in a style that is no longer so interesting..<br /><br />I think BridgePort IPA will find itself in the happy part of the Venn diagram, even as tastes change. Not all products will fare as wellJeff Alworthhttps://www.blogger.com/profile/02930119177544342495noreply@blogger.com