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  1. Joseph Alois Schumpeter ( German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) [3] was an Austrian political economist. He served briefly as Finance Minister of Austria in 1919.

  2. Jan 30, 2022 · Joseph Alois Schumpeter is best known for his 1942 book Capitalism, Socialism, and Democracy, the theory of creative destruction, and for offering the first German and English references to...

  3. Jul 2, 2020 · Joseph Schumpeter was one of the most accomplished economists of the 20th century who had a significant influence on the way economists think about entrepreneurship, innovation and economic...

  4. Aug 9, 2021 · In this definitive third and final edition (1950) of his masterwork, Joseph A. Schumpeter introduced the world to the concept of “creative destruction,” which forever altered how global economics is approached and perceived.

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  7. Joseph Schumpeter thought so, but his hypothesis has proved difficult to verify empirically. This article highlights Schumpeterian market-power and creative-de-struction effects in a sample of early-twentieth-century U.S. industrial firms; his contention that an efficiently functioning capital market has a positive effect on the rate of ...