Tag Archives: Joseph Schumpeter

Joseph Schumpeter and a Broken Jar of Coffee

Joseph Schumpeter (1883-1950) was an Austrian political economist. After a distinguished career in Germany, he emigrated to the US in 1932. He taught at Harvard for the remaining 18 years of his life. In 1942 he published his best-known work Capitalism, Socialism and Democracy. He is famous for creative destruction a term he borrowed to…


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