Hermann Simon's books about German Hidden Champions (HC) provide empirical evidence on Paul Krugman's theory of international trade and economic geography (Nobel Prize winner in 2008), including ideas of Edward Chamberlin, Joseph Schumpeter, and Erich Gutenberg....

Joseph Schumpeter viewed entrepreneurship as the fourth factor of production, as the catalyst of economic growth and revitalization. He describes capitalism as developing by gales of creative destruction, by which new technologies supplant the old ones....