During the last decade or so, the theories of Joseph Schumpeter have gone through a revival, and much attention has been devoted to his work. By now many economists and commentators value his work ...

My guess is that average literate Americans know of three 20th-century economists: John Maynard Keynes, Milton Friedman, and Alan Greenspan. Perhaps they also know of Paul Samuelson (but as textbook ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. David Kindness is a Certified Public ...

For seventy-five years, 1942–2017, Joseph Schumpeter’s fearful warning to Americans about the messy breakdown of capitalism and the political order fell short. Schumpeter articulated his thinking in ...

We are now living, it is said, in the Age of Schumpeter. The Age of Who? That's economist Joseph Schumpeter (1883-1950). A half century ago, he published his classic "Capitalism, Socialism and ...

Austrian economist Joseph Schumpeter is best known for his idea of “creative destruction,” the way innovation upsets established businesses and forces capitalism to constantly evolve. But Schumpeter ...

Forbes magazine once suggested that Schumpeter, rather than Keynes, is the seminal economist for our time. Schumpeter had a dynamic vision of capitalism, stressed entrepreneurship, and yet saw that a ...

IT WAS in 1942 that Joseph Schumpeter published his only bestseller, “Capitalism, Socialism and Democracy”. The book was popular for good reason. It was a tour de force of economics, history and ...

Joseph Alois Schumpeter was certainly from a time and place much different than our own, but he understood and anticipated much of the economic and social phenomena we see all around us. Born on this ...

Edmund, Ned, Phelps certainly did not need to write Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change to make a name for himself. His work on labor market economics was ...

Discover how Jean-Baptiste Say coined 'entrepreneur' in the 1800s. Learn about its meaning, economic significance, and how ...