Joseph Aloïs Schumpeter photo

Joseph Aloïs Schumpeter

People know Moravian-born Joseph Alois Schumpeter, an American, for his theories of socioeconomic evolution and the development of capitalism.

This political scientist briefly served as finance minister of Austria in 1919. Of the 20th century, the most influential Schumpeter popularized the term "creative destruction."

https://en.wikipedia.org/wiki/Joseph_...


“This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.”
Joseph Aloïs Schumpeter
Read more
“Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact that they do not.”
Joseph Aloïs Schumpeter
Read more