schumpeter in A Sentence

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    Schumpeter's treatise brought Kondratiev's ideas to the attention of English-speaking economists.

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    2

    Joseph Schumpeter, economist, professor at Harvard and an influential political commentator said,

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    According to Schumpeter:‘The three together make up what we shall call Economic Analysis.

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    Influenced by Karl Marx, the Austrian economist Joseph Schumpeter in 1942 made a virtue out of ruin.

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    Had economics not largely abandoned the history of economic thought, more practitioners would have recalled what Joseph Schumpeter had to say about history.

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    The faculty looks back on a long tradition of economics education, whose most important representative in Graz was Josef Schumpeter(professor in Graz from 1911-1921, dean 1916/17).

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    If Schumpeter's work pointed to crises as opportunities for movement and progress, Tooze tells the story of an establishment refusing to learn from the crisis it made.

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    Emil Kauder expanded Schumpeter's argument by arguing the hypothesis that Calvinism hurt the development of capitalism by leading to the development of the labour theory of value.

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    Following the digital revolution and the rise of online giants such as Facebook and Google, we have witnessed what Joseph Schumpeter described as the“creative destruction” of the old order and its replacement by the innovative practices of new media.

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