Ad
related to: austrian economist joseph schumpeter
Search results
Results From The WOW.Com Content Network
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 ...
The concept is usually identified with the Austrian economist Joseph Schumpeter, [2] [3] [4] who derived it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle. It is also sometimes known as Schumpeter's gale.
Joseph Schumpeter, economist (neoclassical), born in Triech, Austria-Hungary Othmar Spann , economist and philosopher Friedrich von Wieser , economist (regarded as follower of the Austrian School of economics)
Joseph Alois Schumpeter (1883–1950) was an Austrian School economist and political scientist best known for his works on business cycles and innovation. He insisted on the role of the entrepreneurs in an economy.
“Creative destruction,” a phrase coined in 1942 by the great Austrian economist Joseph Schumpeter, is the process where unproductive firms are cyclically edged out of a market as the natural ...
The Austrian school owes its name to members of the German historical school of economics, who argued against the Austrians during the late 19th-century Methodenstreit ("methodology struggle"), in which the Austrians defended the role of theory in economics as distinct from the study or compilation of historical circumstance.
Employee ownership can empower workers and promote the interests of labor, allowing companies to embrace automation while ensuring shared prosperity.
The Austrian economist Joseph Schumpeter, a forerunner of the Austrian School of economics, emphasized the creative destruction of capitalism—the fact that market economies undergo constant change. The Austrian economists Ludwig von Mises and Friedrich Hayek were among the leading defenders of market economy against 20th century proponents of ...