Retrospectives: Schumpeter, David Wells, and Creative Destruction
指出大卫·韦尔斯在《近期经济变迁》中早于熊彼特提出了创造性破坏理论，且韦尔斯认为卡特尔或托拉斯对防止资本密集型企业竞争破产和经济萧条至关重要，这与熊彼特的观点不同。
Joseph A. Schumpeter's celebrated theory of creative destruction was anticipated by David Wells's Recent Economic Changes (1989). In some respects, Wells's treatment is superior to that of Schumpeter. Unlike Schumpeter, who believed that monopolistic competition could maximize economic growth, Wells held that cartels or trusts were necessary to prevent capital-intensive firms from competing themselves into bankruptcy and sending the economy into a depression.