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

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Bankruptcy

In: Encyclopedia of Community: From the Village to the Virtual World
Edited by: Karen Christensen & David Levinson
Subject:Community Psychology, Sociology of Communities
Keywords:bankruptcy; firms

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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  Christensen, K., & Levinson, D. (2003). Bankruptcy. In Encyclopedia of community: From the village to the virtual world (Vol. 1, pp. 82-82). SAGE Publications, Inc., https://dx.doi.org/10.4135/9781412952583.n33
  
  Christensen, Karen, and David Levinson. "Bankruptcy." In Encyclopedia of Community: From the Village to the Virtual World, edited by Christensen, Karen, and David Levinson, 82. Thousand Oaks, CA: SAGE Publications, Inc., 2003. https://dx.doi.org/10.4135/9781412952583.n33.
  
  Christensen, K. and Levinson, D. 2003. Bankruptcy. In: Karen Christensen and David Levinson Editors, 2003. Encyclopedia of Community: From the Village to the Virtual World, Thousand Oaks, CA: SAGE Publications, Inc. pp. 82 Available at: <https://dx.doi.org/10.4135/9781412952583.n33> [Accessed 27 Jan 2022].
  
  Christensen, Karen and David Levinson. "Bankruptcy." Encyclopedia of Community: From the Village to the Virtual World. Edited by Vol. 1. Thousand Oaks: SAGE Publications, Inc., 2003, pp. 82. SAGE Knowledge. 27 Jan 2022, doi: https://dx.doi.org/10.4135/9781412952583.n33.
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