Joseph Schumpeter
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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.
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Person · Open Library
- Born
- 8 February 1883
- Died
- 8 January 1950
- Works
- 113
Top works
- The theory of competitive price
- The theory of economic development
- Supplemental passage references for Capitalism, socialism and democracy
- Grundlinied der Finanzpolitik für jetzt und die nächsten drei Jahre
- 資本主義・社会主義・民主主義
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Listeners · Last.fm
- Listeners
- 20
- Total plays
- 228
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Article
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.
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1883 births1950 deaths19th-century Austrian people20th-century American economists20th-century Austrian economists20th-century Austrian male writers20th-century Austrian writers20th-century statisticiansAcademic staff of Chernivtsi UniversityAcademic staff of the University of BonnAmerican anti-communistsAmerican development economists