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Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an economist from Austria and a giant in the history of economic thought. His work initially received little acclaim, the work of his contemporary John Maynard Keynes garnering all the attention.
Oct 24, 2020 · Advances in the contemporary knowledge-based global economy have resulted primarily from entrepreneurship and innovation – exactly as Schumpeter envisioned – and his ideas help explain how a climate of continuous change and potential improvement can create economic opportunity.
May 7, 2007 · Economist Joseph Schumpeter was perhaps the most powerful thinker ever on innovation, entrepreneurship, and capitalism. He was also one of the most unusual personalities of the 20th century, as Harvard Business School professor emeritus Thomas K. McCraw shows in a new biography.
Joseph Alois Schumpeter. 1883-1950. “C an capitalism survive? No. I do not think it can.” Thus opens Schumpeter’s prologue to a section of his 1942 book, Capitalism, Socialism and Democracy. One might think, on the basis of the quote, that Schumpeter was a Marxist.
Capitalism, Socialism, and Democracy is a book on economics, sociology, and history by Joseph Schumpeter, arguably his most famous, controversial, and important work. [1] [2] [3] [4] It's also one of the most famous, controversial, and important books on social theory, social sciences, and economics [5] —in which Schumpeter deals with ...
Dec 21, 2021 · Joseph Alois Schumpeter’s oeuvre has been heavily cited in various theoretical traditions. However, many aspects of his work have been less widely discussed or even unexplored. In this context, the origins of his thought should be traced back in several theoretical traditions and schools of economic thought.
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 innovation is also confirmed.
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