Austrian political economist (1883–1950)
Joseph Schumpeter was an Austrian economist (1883–1950) who developed influential theories about how capitalism evolves through innovation and competition. His ideas about entrepreneurship and "creative destruction" — the process by which new innovations replace old economic structures — continue to shape how economists and business leaders understand economic progress and change.
AI-generated from the Wikipedia summary — may contain errors.
Top works
via Open Library + Wikidata
<a href="https://www.last.fm/music/Joseph+Schumpeter">Read more on Last.fm</a>
Joseph Alois Schumpeter ( German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian political economist. He served briefly as Finance Minister of Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.
Schumpeter was one of the most influential economists of the early 20th century, and popularized creative destruction, a term coined by Werner Sombart. His magnum opus is considered to be Capitalism, Socialism and Democracy.
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).