Search results
Results from the WOW.Com Content Network
Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) [4] 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 ...
Schumpeter devotes the first 56 pages of the book to an analysis of Marxian thought and the place within it for entrepreneurs. Noteworthy is the way that Schumpeter points out the difference between the capitalist and the entrepreneur, a distinction that he claims Karl Marx would have been better served to have made (p. 52). The analysis of ...
The expression "creative destruction" was popularized by and is most associated with Joseph Schumpeter, particularly in his book Capitalism, Socialism and Democracy, first published in 1942. Already in his 1939 book Business Cycles , he attempted to refine the innovative ideas of Nikolai Kondratieff and his long-wave cycle which Schumpeter ...
Joseph Schumpeter was one of the first and most important scholars who extensively tackled the question of innovation in economics. [2] In contrast to his contemporary John Maynard Keynes, Schumpeter contended that evolving institutions, entrepreneurs and technological change were at the heart of economic growth, not independent forces that are largely unaffected by policy.
In his book Capitalism, Socialism and Democracy (1942), Schumpeter emphasised that "political democracy was thoroughly compatible with socialism in its fullest sense", [12] [13] although it has been noted that he did not believe that democracy was a good political system and advocated republican values. [14]
In 1942, a debate on the ... Joseph Schumpeter for his part claimed that "[t]he general opinion seems to be that capitalist methods will be unequal to the task of ...
Joseph Schumpeter additionally argued that economic advancement, through innovation and investment, are often driven by large monopolies. [24] Equilibrium.
Schumpeter had provided an affidavit for her in order to facilitate her emigration to the United States. On 10 November 1941, Tisch was deported together with her sisters Marie and Gerda, her brother-in-law Leo Marcus, and her niece Arnhild Marcus in a group of 992 Jewish co-citizens from Wuppertal, Düsseldorf, and Essen to the Minsk Ghetto ...