SAGE Reference - Encyclopedia of Community: From the Village to the Virtual World

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Bankruptcy

By: John Hudson
In: Encyclopedia of Community: From the Village to the Virtual World
Edited by: Karen Christensen & David Levinson
Subject:Community Psychology, Sociology of Communities

Bankruptcy—called creative destruction by the economist Joseph Alois Schumpeter (1883–1950)—is the process by which the old and inefficient give way to the new and dynamic. The fear of bankruptcy is the stick, which together with the carrot of profits, drives firms ...

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  Hudson, J. (2003). Bankruptcy. In K. Christensen & D. Levinson (Eds.), Encyclopedia of community: From the village to the virtual world (Vol. 1, pp. 113-82). Thousand Oaks, CA: SAGE Publications, Inc. doi: 10.4135/9781412952583.n33
  
  Hudson, John. "Bankruptcy." In Encyclopedia of Community: From the Village to the Virtual World, edited by Karen Christensen and David Levinson, 113-82. Thousand Oaks, CA: SAGE Publications, Inc., 2003. doi: 10.4135/9781412952583.n33.
  
  Hudson, J 2003, 'Bankruptcy', in Christensen, K & Levinson, D (eds), Encyclopedia of community: from the village to the virtual world, SAGE Publications, Inc., Thousand Oaks, CA, pp. 113-82, viewed 28 November 2020, doi: 10.4135/9781412952583.n33.
  
  Hudson, John. "Bankruptcy." Encyclopedia of Community: From the Village to the Virtual World. Eds. Karen Christensen and David Levinson. Vol. 1. Thousand Oaks: SAGE Publications, Inc., 2003. 113-82. SAGE Knowledge. Web. 28 Nov. 2020, doi: 10.4135/9781412952583.n33.
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