The Ghost of Schumpeter: Failure, Risk and Innovation in The Digital Era

A MaxPo Lecture by Arjun Appadurai, New York University.

This lecture will revisit Joseph Schumpeter’s ideas about « creative destruction » to ask whether the nature of innovation in the sphere of digital technology constitutes an example of success or failure for contemporary capitalism. By looking at the role of designers, investors and consumers in the era of digital products and services, Appadurai intends to show how technological innovation has now turned disruption into the primary entrepreneurial ideology.

Arjun Appadurai is Paulette Goddard Professor of Media, Culture, and Communication at New York University and is currently a Visiting Professor at Humboldt University and Senior Fellow at the Hertie School of Governance in Berlin. His most recent book is Banking on Words: The Failure of Language in the Age of Derivative Finance (University of Chicago Press, 2016).

He is the author of numerous books and articles on globalization, commodification, urbanization and violence.

He is currently working on a short book on failure. Read more about Arjun Appadurai here.


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