Joseph Schumpeter
Noun
Meaning
United States economist (born in Czechoslovakia) (1883-1950)
Source: WordNetSynonyms
Examples
1940s: Intellectual exchange with Schutz, Voegelin, Dodd and other debates Parsons met Alfred Schutz (Schütz) during the rationality seminar, which he conducted jointly together with Joseph Schumpeter at Harvard in the spring of 1940.
In 1924 Keynes wrote an obituary for his former tutor Alfred Marshall which Joseph Schumpeter called "the most brilliant life of a man of science I have ever read."
In 1939, Joseph Schumpeter suggested naming the cycles "Kondratieff waves" in his honor.
In an interview late in life Parsons recalled his conversation with Joseph Schumpeter about the institutionalist methodological position, the following way: "An economist like Schumpeter, by contrast, would absolutely have none of that.
Much of the debate was pioneered by such theorists as J. A. Hobson (1858–1940), Joseph Schumpeter (1883–1950), Thorstein Veblen (1857–1929), and Norman Angell (1872–1967).
Joseph Schumpeter argued that large firms generally drive economic advancement though innovation and investment, and so their proliferation is not necessarily bad.