Joseph Schumpeter | |
|---|---|
 | |
| Born | February 8, 1883 |
| Died | January 8, 1950 (aged 66) Salisbury, Connecticut, US |
| Nationality | Austrian |
| Citizenship | Austria United States |
| Education | University of Vienna (PhD, 1906) |
| Academic career | |
| Field | Economics Econometrics Political economy History of economic thought |
| Institution | Harvard University, 1932–50 University of Bonn, 1925–32 Biedermann Bank, 1921–24 Columbia University, 1913–1914 University of Graz, 1912–14 University of Czernowitz, 1909–11 |
| School or tradition | Historical School[1] Lausanne School |
| Doctoral advisor | Eugen von Böhm-Bawerk |
| Doctoral students | Ferdinand A. Hermens Paul Samuelson James Tobin[2] Anne Carter[3] |
| Other notable students | Nicholas Georgescu-Roegen Paul Sweezy Hyman Minsky |
| Influences | |
| Contributions | Business cycles Creative destruction Economic development Entrepreneurship Evolutionary economics |
| Part of a series on |
| Capitalism |
|---|
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 American citizenship.
Schumpeter was one of the most influential economists of the early 20th century, and popularized the term "creative destruction", coined by Werner Sombart.[5][6][7] His magnum opus is considered Capitalism, Socialism and Democracy.
- ^ Cite error: The named reference
GHSwas invoked but never defined (see the help page). - ^ Tobin, James (1986). "James Tobin". In Breit, William; Spencer, Roger W. (eds.). Lives of the Laureates, Seven Nobel Economists. Cambridge, Massachusetts, London, England: MIT Press. Archived from the original on August 26, 2003.
- ^ McCulloch, Rachel. "Interview with Anne Carter".
- ^ "Joseph Alois Schumpeter 1883–1950". econlib.org. Retrieved December 5, 2023.
- ^ Westland, J. Christopher (2016). Global Innovation Management. Macmillan International. p. 192. ISBN 9781137520197. Archived from the original on March 10, 2021. Retrieved July 23, 2022.
- ^ Topol, Eric (2012). The Creative Destruction of Medicine: How the Digital Revolution Will Create Better Health Care. Basic Books. p. v. ISBN 978-0465025503. Retrieved December 19, 2019.
popularized the term creative destruction.
- ^ Stone, Brad; Vance, Ashlee (January 25, 2009). "$200 Laptops Break a Business Model". The New York Times. Retrieved September 21, 2010.