Joseph Schumpeter, Capitalism, S Quotes

A collection of quotes by Joseph Schumpeter, Capitalism, S.

Joseph Schumpeter was an influential economist and political scientist known for his groundbreaking work on capitalism and entrepreneurship. Born in Austria in 1883, Schumpeter developed the concept of "creative destruction," which described how innovation and entrepreneurial activity drive economic growth by replacing outdated industries and technologies. He emphasized the role of entrepreneurs in driving economic progress and believed that capitalism was an inherently dynamic and evolutionary system. Schumpeter's ideas continue to shape economic thinking and have had a lasting impact on the field of economics.