Joseph Schumpeter
Political economist and Harvard professor
Joseph Schumpeter was an Austrian political economist who taught at Harvard and popularized the term creative destruction.
1 summary 20 min of listening
Born 1883 in Třešť, Czech Republic Died 1950
Influenced by Milton Friedman, Peter Drucker
About Joseph Schumpeter
Joseph Alois Schumpeter was born in 1883 in Třešť, in Moravia, and died in 1950. He briefly served as a finance minister in 1919. In 1932 he emigrated to America and took up a professorship at Harvard University. He stayed at Harvard until the end of his career and became an American citizen in 1939. Schumpeter popularized the term creative destruction, which Werner Sombart had coined. Capitalism, Socialism and Democracy is regarded as his major work.