Become a Friend of Aeon to save articles and enjoy other exclusive benefitsMake a donation
David A. Kirsch is associate professor of management and entrepreneurship in the M&O Department at the University of Maryland’s Robert H. Smith School of Business. His latest book is Bubbles and Crashes: The Boom and Bust of Technological Innovation (2019). He is interested in industry emergence, technological choice, technological failure and the role of entrepreneurship in the emergence of new industries. He lives in Chevy Chase, Maryland.