Schumpeter: Creative Destruction and Monopoly. This paper examines Joseph Schumpeter's theories of creative destruction and monopoly. Schumpeter agues that economic development is governed by disjointed, unpredictable and cataclysmic technological change-creative destruction. Therefore, monopolies cannot over time control markets: Technological change and the dynamic nature of economics makes monopoly irrelevant. 14 pgs. Bibliography lists 9 sources. Pages: 14 Bibliography: 9 source(s) listed Filename: 7960 Creative Destruction Monopoly.doc Price: 125.30