Concept
Joseph Schumpeter
Overview
Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) 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 creative destruction, a term coined by Werner Sombart. His magnum opus is considered to be Capitalism, Socialism and Democracy.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
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They appeared as immediate forerunners of the famous Report of the Bullion Committee of 1810, in which Ricardo’s views were adopted.[133] The singular circumstance, that Ricardo and his adherents, who held money to be merely a token of value, are called bullionists, is due not only to the name of that committee, but also to the nature of their theory. In his work on political economy, Ricardo repeated and developed…
Karl Marx, A Contribution to the Critique of Political Economy
States what Joseph Schumpeter is; the author is tied to Joseph Schumpeter in the knowledge graph.
This German Socialism, which took its school-boy task so seriously and solemnly, and extolled its poor stock in trade in such mountebank fashion, meanwhile gradually lost its pedantic innocence. The fight of the German, and especially of the Prussian bourgeoisie, against feudal aristocracy and absolute monarchy, in other words, the liberal movement, became more earnest. By this, the long wished-for opportunity was…
Karl Marx, Manifesto of the Communist Party
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If these conjectures are well founded, it will follow, that indirect taxation, far from having any hurtful influence on wealth and population, must, when wisely regulated, tend to increase and strengthen these two great foundations of national prosperity and power. And it will tend to do this, inasmuch as it bears immediately on the body of the people, and operates on the working and industrious class, which forms…
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations
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Philosophers who discussed Joseph Schumpeter
Related ideas
- Antisemitism
- Franklin D. Roosevelt
- Friedrich Hayek
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- Laissez-faire
- Karl Marx
- Adam Smith
- Harvard University
- Marxism
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- Paul Samuelson
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Place in the tradition
Part of Liberalism.