Schumpeter
Americannoun
Example Sentences
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The self-described "anarcho-capitalist" invokes the "creative destruction" theory of US-Austrian economist Joseph Schumpeter to describe how old industries inevitably fold in the face of innovation.
From Barron's ● Sep. 10, 2026
Joseph Schumpeter held that creative destruction, in response to new technology, created economic swings.
From The Wall Street Journal ● Jun. 5, 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
Professor Schumpeter very explicitly recognizes the existence of factors other than the "reinwirtschaftlich," but counts them as "external" factors.
From Social Value A Study in Economic Theory Critical and Constructive by Benjamin M. (Benjamin McAlester) Anderson
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