Joseph Schumpeter
Austrian political economist (1883–1950) / From Wikipedia, the free encyclopedia
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Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950)[3] was an Austrian political economist. He served briefly as Finance Minister of Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.
Austrian political economist (1883–1950)
Joseph Schumpeter | |
|---|---|
 | |
| Born | (1883-02-08)February 8, 1883 |
| Died | January 8, 1950(1950-01-08) (aged 66) |
| Nationality | Austrian |
| Citizenship | Austria, United States |
| Academic career | |
| Institution | Harvard University, 1932–50 University of Bonn, 1925–32 Biedermann Bank, 1921–24 University of Graz, 1912–14 University of Czernowitz, 1909–11 |
| Field | Economics, econometrics |
| School or tradition | Austrian school of economics Lausanne School |
| Alma mater | University of Vienna (PhD, 1906) |
| Doctoral advisor | Eugen Böhm von Bawerk |
| Doctoral students | Ferdinand A. Hermens Paul Samuelson James Tobin[1] Anne Carter[2] |
| Other notable students | Nicholas Georgescu-Roegen Paul Sweezy Hyman Minsky |
| Influences | Bastiat · Walras · Schmoller · Pareto · Smith • Marx • Keynes • Menger · Weber · Sombart |
| Contributions | Business cycles Creative destruction Economic development Entrepreneurship Evolutionary economics |
Schumpeter was one of the most influential economists of the early 20th century and popularized the term "creative destruction", which was coined by Werner Sombart.[4][5][6]
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