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Joseph Schumpeter

20th Century

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Joseph Alois Schumpeter (1883-1950) was an Austrian-born political economist and one of the most influential thinkers of the 20th century. He served as Austria's Finance Minister, a bank president, and later as a professor at Harvard University. He is best known for his theories of economic development, business cycles, and the concept of 'creative destruction' as the essential engine of capitalism.

Economics

WORKS

The Theory of Economic Development
Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process
Capitalism, Socialism and Democracy
History of Economic Analysis

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