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  2. Joseph Schumpeter - Wikipedia

    en.wikipedia.org/wiki/Joseph_Schumpeter

    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 ...

  3. Creative destruction - Wikipedia

    en.wikipedia.org/wiki/Creative_destruction

    In Capitalism, Socialism and Democracy (1942), Joseph Schumpeter developed the concept out of a careful reading of Marx's thought. In contrast with Marx - who argued that the creative-destructive forces unleashed by capitalism would eventually lead to its demise as a system - Schumpeter reinforced the evolutionary nature of capitalist economies ...

  4. Capitalism, Socialism and Democracy - Wikipedia

    en.wikipedia.org/wiki/Capitalism,_Socialism_and...

    Noteworthy is the way that Schumpeter points out the difference between the capitalist and the entrepreneur, a distinction that he claims Karl Marx would have been better served to have made (p. 52). The analysis of Marx is broken down into four roles which Schumpeter ascribes to him (prophet, sociologist, economist, and teacher).

  5. The Chicago school economist who warned years ago of America ...

    www.aol.com/finance/chicago-school-economist...

    (Original Caption) Joseph Alois Schumpeter (1883-1950), Czech-born economist and professor at Harvard University. His theories on the development of capitalism made him famous Undated photograph.

  6. Neo-Schumpeterian economics - Wikipedia

    en.wikipedia.org/wiki/Neo-Schumpeterian_economics

    Neo-Schumpeterian economics is a school of thought that places technological innovation at the core of economic growth and transformation processes. It is inspired by the work of Joseph Schumpeter who coined the term creative destruction for the continuous introduction of technological change that drives growth by replacing old, less productive structures with new, more productive ones.

  7. Bootstrap capitalism or complex reform? - AOL

    www.aol.com/news/2009-04-06-americas-economic-mr...

    For Limbaugh and his followers, the way out of any financial crisis or economic problem is. A sizable segment of America, many of whom are investors, now look for guidance to Rush Limbaugh, a ...

  8. History of economic thought - Wikipedia

    en.wikipedia.org/wiki/History_of_economic_thought

    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.

  9. Opinion - The solution to automation fears: Employee ownership

    www.aol.com/opinion-solution-automation-fears...

    Employee ownership can empower workers and promote the interests of labor, allowing companies to embrace automation while ensuring shared prosperity.