Schumpeter

American  

[shoom-pey-ter] / ˈʃʊm peɪ tər /

noun

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

---

Example Sentences

“Schumpeter’s line on creative destruction is tremendously important,” Mr. Rees-Mogg says, “but it’s not mindless destruction.”

From The Wall Street Journal

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

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

From Los Angeles Times

The Economist’s “Schumpeter” columnist notes that sanctimony accompanies such “financial do-goodery.”

From Washington Post

The Economist described his viewpoint succinctly: “He paints stewards of fair play — regulators and boards — as pettifogging enemies of progress,” wrote its pseudonymous business columnist “Schumpeter.”

From Los Angeles Times