The Journal of Private Enterprise
Stories are memorable and convincing. One way to efficiently tell stories is through movie and video clips. I summarize several video clips that may be useful in teaching aspects of Schumpeter’s important theory of creative destruction. Among the clips discussed are: Hugh Laurie’s Protest Song, electric light segment from a documentary on the 1898 Trans-Mississippi Exposition, eBay Toy Boat Ad, Miss Princess Fun Brick Ad, Moscow toilet paper queue scene, the New York coffee aisle scene from Moscow on the Hudson, and Peck and DeVito’s speeches from Other People’s Money.
JEL Codes: A2, O31, O43
Diamond, Jr., Arthur M. / 2009. "Using Video Clips to Teach Creative Destruction." The Journal of Private Enterprise, 25(1): 151-161.