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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Schumpeter predicted that the rise of an “intellectual class” would lead to regulation and the decline of entrepreneurism.

From The Wall Street Journal • Apr. 6, 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

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

The political economist Joseph Schumpeter called them waves of creation and destruction, or perhaps they simply arise from temporary mistakes of optimism and pessimism.

From The Guardian • Sep. 12, 2018

Schumpeter narrows the dynamic factors to one, namely, enterprise, while Clark gives five general classes of dynamic factors, all of which are primarily economic in character.

From The Value of Money by Anderson, Benjamin M.

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