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Schumpeter

American  
[shoom-pey-ter] / ˈʃʊm peɪ tər /

noun

  1. Joseph Alois 1883–1950, U.S. economist, born in Austria.


Example Sentences

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Maybe creative destruction, as the economist Joseph Schumpeter called it, is simply the defining characteristic of capitalism—making the pursuit of moats a lot harder than it sounds.

From The Wall Street Journal Mar. 25, 2026

Within a year of each other, Joseph Schumpeter coined the term "Ricardian vice," which you mentioned earlier, and Milton Friedman launched his campaign to revive it as a cardinal virtue.

From Salon Feb. 1, 2025

This is a great example of what the Austrian economist Joseph Schumpeter called “creative destruction.”

From Los Angeles Times Sep. 27, 2024

Carter traces the splintering of Keynes’s intellectual legacy and the neoliberal backlash of Joseph Schumpeter and Friedrich Hayek.

From New York Times May 20, 2020

Schumpeter doesn't apply it to money, and when he tries to work out a utility doctrine of money, he lapses into the Austrian circle in a very obvious form.

From The Value of Money by Anderson, Benjamin M.

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