The Living Dead

  • Edward Chancellor


Capital cycle analysis is strongly influenced by J.A. Schumpeter’s notion of creative destruction, namely that competition and innovation produce a constantly evolving economy and spur improvements in productivity. From this perspective, an economic recession serves a useful function as — to use a rather hackneyed image — the forest fire burns away the dead wood and weaker trees, allowing healthy young plants to grow and prosper.


Interest Rate Hedge Fund Private Equity Share Price Creative Destruction 
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© Marathan Asset Management LLP 2016

Authors and Affiliations

  • Edward Chancellor

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