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Joseph Schumpeter, also called Joseph A. Schumpeter, in full Joseph Alois Schumpeter, (born February 8, 1883, Triesch, Moravia [now Třešť, Czech Republic]—died January 8, 1950, Taconic, Connecticut, U.S.), Moravian-born American economist and sociologist known for his theories of capitalist development and business cycles.

Joseph Alois Schumpeter (1883-1950) was an Austrian-trained economist, economic historian, and author. He is regarded as one of the 20 th century's greatest intellectuals. Schumpeter is best...

by Sean Silverthorne. 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. Read our interview and book excerpt.

Creative destruction (German: schöpferische Zerstörung) is a concept in economics which since the 1950s is the most readily identified with the Austrian-born economist Joseph Schumpeter who derived it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle.

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. Schumpeter's view of economic health was radically different from that of Keynes ...

The Essential Joseph Schumpeter: An Easy and Accessible Introduction to an Important and Complex Thinker. The Fraser Institute in Vancouver, British Columbia, has put together a series of very useful introductions to the key ideas of some great thinkers in their Essential Thinkers series.

Seventy years ago, on January 8, 1950, one of the most famous economists of the 20 th century passed away at the age of 66, Joseph A. Schumpeter. During and after his lifetime, he has been identified with two related ideas, the notion of the innovative entrepreneur and the imagery of the competitive market as a process of creative destruction.

Joseph Schumpeter is one of the most accomplished economists of the twentieth century, although he is little known outside academic circles. Included among his many contributions is his path-breaking work on entrepreneurship—one of the quintessential characteristics of all market economies.