Schumpeter

American  

[shoom-pey-ter] / ˈʃʊm peɪ tər /

noun

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

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Example Sentences

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

Economist Joseph Schumpeter’s critical insight was that technological revolutions simultaneously destroy existing structures and create new ones.

From The Wall Street Journal

Societal gains from technological change come from what the economist Joseph Schumpeter called “the wave of creative destruction.”

From The Wall Street Journal

“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