1. United States economist (born in Czechoslovakia) (1883-1950)
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How To Use Schumpeter In A Sentence

  • Schumpeter predicted that as capitalist economies evolved, innovation would become routinized in large organizations, obviating the need for individual entrepreneurs.
  • Schumpeter baptized three of the four cycles by naming them after their discoverers.
  • In Schumpeter's original explanation, entrepreneurship was seen as the motor of innovation.
  • In Schumpeter's scheme therefore the self-destruction of capitalism as a system is inherent in its success.
  • Joseph Alois Schumpeter thought the innovation is not only the motive of the social economic development but also the source of economic period.
  • Romney was talking about "creative destruction," a term popularized by Austrian economist Joseph Schumpeter to describe how economies evolve to replace old technologies and spur the creation of new ones. -- Top News
  • Pure competition, as Schumpeter sees it, exists only in open markets for fungible commodity products.
  • The authors would first like to thank Richard Swedberg, who provided the impulse to the present work, and continued to be a great source of inspiration on Schumpeter.
  • Pareto's 1901 essay "The Rise and Fall of Elites," conveys two themes to which Schumpeter would return time and time again: the inevitability of elites, and the importance of nonrational and nonlogical drives in explaining social action. Jerry Muller on Schumpeter, Arnold Kling | EconLog | Library of Economics and Liberty
  • Pluralists have even tried to adapt Schumpeter's account, but have neglected his strong elitist account of input politics.
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