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Tuesday, 10 July 2012

WENGER'S TASTE OF HIS OWN MEDICENE!!!!!


Arsene Wenger has an economics degree from the University of Strasbourg, so let's keep this simple. Let's put what is happening at Arsenal in terms he will understand. It's Schumpeter's Gale. 
No? How about creative destructionist theory, then? Still nothing? All right, Le Professeur can skip this part. He already knows what it is coming. Joseph Schumpeter was an Austro-Hungarian born economist whose 1942 work Capitalism, Socialism and Democracy offered a much-admired treatment of Marxist economic theory. 
Schumpeter saw capitalism as moving relentlessly forward through innovation propelled by entrepreneurial investment. In turn, this new capitalism destroyed established companies and monopoly powerhouses, propped up by previous economic regimes.
Read more: http://www.dailymail.co.uk/sport/article-2170609/Arsene-Wengers-taste-medicine--Martin-Samuel.html#ixzz20DxYTcut

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