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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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Joseph Schumpeter wrote in 1942 about the “creative destruction” that arises from capitalism, entrepreneurism and innovation.

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

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

Kaufkraft, as Schumpeter uses the term, is not derived from marginal utility, but is an abstraction from the idea of money.

From The Value of Money by Benjamin M. Anderson

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